Covid 19. The pandemic effect to real estate market. Crisis, new opportunities and new trends to office buildings.

Abstract

This study aimed to investigate the ramifications of the COVID-19 pandemic on the transformation of businesses and office facilities, as well as the resulting reorganization. Utilizing a qualitative approach, the research collected data through interviews with five companies of varying sizes (1 medium, 3 large, and 1 small). A thematic analysis was performed to identify key themes and patterns emerging from the interview data. The main findings of the study revealed that businesses had to adapt to remote work, leading to reorganization of office spaces and an increased emphasis on digital transformation. Companies reevaluated their office space needs, opting for smaller, more sustainable spaces, and focused on ensuring business continuity and efficiency. The pandemic accelerated digital transformation, with businesses embracing digital tools for collaboration and communication, automation, and data-driven decision-making. The study also highlighted cost-saving opportunities and the need for businesses to align with global trends and challenges. In conclusion, the COVID-19 pandemic has significantly impacted the way businesses operate and utilize office spaces, driving a shift towards remote work, digital transformation, and flexible working arrangements. Businesses must continue to adapt to these ongoing changes to remain competitive and resilient in the post-pandemic world. However, the study's small and non-diverse sample size and qualitative methodology limit the generalizability of the findings, suggesting the need for further research with larger, more diverse samples and mixed-methods approaches to better understand the pandemic's long-term implications for businesses and office facilities