Resilience for real estate about adaptability

Flexibility of use will be required by the real estate sector to build resilience, says Philipp Schott, Manager, PwC LegalSpeaking to Real Asset Media’s Richard Bett’s Schott said lessons must be learned from the COVID-19 crisis not just about the ability to recover and return to function but also in how to quickly adapt.Work concepts have been turned upside but some answers for offices may lie in past trends such as cell offices, he adds. Building in different use concepts may be needed in lease contracts to adapt quickly.