Sunday, May 3, 2020

Coronavirus has ‘forever changed’ real estate, developer says – Press Enterprise

Coronavirus has ‘forever changed’ real estate, developer says – Press Enterprise



... just announced it bought 15 acres in Upland they hope to turn into a gated community with 250 homes.



...“There will be better bargains three months from now,” says the Upland company’s executive vice president.



...Homebuilders or landlords will have to retool products to accommodate home offices and other workplace necessities. Community designers may have to juggle how work-at-home policies shape a neighborhood, including a changing demand for office space.

And Lewis thinks whatever’s built, the design will become “more disciplined” with more function and fewer frills.
If it’s simple and saves $5,000 or $80,000, it’ll sell,” he predicts.

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