Offices – United Kingdom
Explore all Offices
Global Reach
Global Reach

Apart from offering expert legal consultancy for local jurisdictions, CMS partners up with you to effectively navigate the complexities of global business and legal environments.

Explore our reach
Insights – United Kingdom
Explore all insights
Expertise
Insights
Insights

CMS lawyers can provide future-facing advice for your business across a variety of specialisms and industries, worldwide.

Explore topics
Offices
Global Reach
Global Reach

Apart from offering expert legal consultancy for local jurisdictions, CMS partners up with you to effectively navigate the complexities of global business and legal environments.

Explore our reach
Insights
About CMS
UK Pay Gap Report 2024
UK Pay Gap Report 2024

Learn more

Select your region

Publication 15 Jul 2021 · United Kingdom

Pandemic spurs accelerated transformation

1 min read
brightly coloured window shutters

On this page

By how many years do you believe technological adoption in real estate in your sector has been pushed forward due to COVID-19?

chart

Many people have speculated over how quickly COVID-19 has accelerated technological adoption within real estate – but now we have a view from more than 4,000 industry professionals, office occupiers, renters, retail experts and life sciences professionals: five years.

Across all groups this is the most common prediction although the mean response is four years. The impact of lockdowns and the need to rapidly embrace technology is extraordinary: how many people used Teams or Zoom for business 18 months ago?

At the beginning of 2020 the real estate industry was broadly speaking 10 years behind where it needed to be. It has caught up massively – but is still three to five years behind where it needs to be, in my opinion.

Paul Bashir, Managing Director and CEO Europe, Harrison Street

Click below to read the next part of Real Estate Rebound: Robot world and the roaring 20s

Publication

Real Estate Rebound - A tech-accelerated recovery