Monthly Lease Market Report (Seoul.Korea_Jan.2021)

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By Lydia Bennett, CCIM, and Soozi Jones Walker, CCIM, SIOR Understanding the different perspectives of tenants and landlords is key to the lease modification process. By definition, a market disruption…

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Office design tips are always at the top of trending CRE articles - and it’s not hard to see why. In today’s world of business, company culture is top-of-mind for tenants and office property owners. A winning building cultivates productivity while generously addressing employee comfort, health, and wellbeing.

As we trudge forward with market recovery, everyone is looking towards the commercial space to see what new health regulations are going to emerge to combat the looming threat of COVID. Today, people care about sanitation and health more than ever. The pandemic has changed the way that people think. No one will feel comfortable dwelling in a public building if the proper regulations are not put in place. These sentiments that emerged with the recent pandemic are placing a heavy new responsibility on commercial real estate professionals.

2020 will be remembered as the year everything paused from an unexpected and unprecedented pandemic. As a result, industries all over the world faced massive challenges - commercial real estate included. From intensifying consumer demands to economic hardships, it’s been a tough ride for CRE sectors such as office, retail, and restaurants.

With a company’s online presence being their primary imprint on the industry right now, there’s no room for error. Following the massive online integration of businesses as a result of the pandemic, an e-brand is everything. It’s the way that prospects get introduced to you, competitors gauge you, and the community interacts with you.