Office evolving in a post-COVID world

Investors should embrace a new way of thinking about the asset class, particularly given the turbocharged work-from-home evolution prompted by COVID-19. To make sense of these current themes around city exodus and softer demand for office space, it is important to consider the segment in terms of the pre- versus the post-vaccine world.

In the immediate term, we believe many of the companies in central business districts across Australia are unlikely to require staff back in the office full-time until a vaccine is available. Post-vaccine we expect to see a shift out of the cities and offices, driven by the use of available technology, increased productivity and efficiency gains, resulting in some office space hand back.

But we don’t think it will be the start of a long-term downward trend, and there are a couple of key reasons for this. In short, the office market is far from dead and we have a similar view on the residential property market.

In the following video, I discuss these reasons and further explain why we still see opportunity in both office and residential property in 2021 and beyond.

Looking for regular income and diversification?

The Qualitas Real Estate Income Fund (ASX:QRI) aims to deliver investors with a regular stream of income with the added benefit of diversification beyond shares and traditional property investments. For more of our insights, hit the 'FOLLOW' button below.



........
Livewire gives readers access to information and educational content provided by financial services professionals and companies ("Livewire Contributors"). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.

Andrew  Schwartz
Group Managing Director and Co-Founder
Qualitas

Andrew is the Group Managing Director and a co-founder of the firm in 2008 and has over 36 years’ experience in financial services with an extensive track record across real estate investments. Andrew is responsible for overseeing the group’s...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.