Winter is coming?

It almost goes without saying that much of the economy took a serious hit during the pandemic. Real estate, being built on the need for people to have buildings to live, work and congregate in, was certainly not immune to this – and so certain segments, such as hospitality and traditional retail, suffered greatly, whereas others, including warehousing, actually thrived as the latest technology was refined and put into action to remove the need for shopping in malls and other previously crowded places. This was ‘the new reality’ – a hi-tech future accelerated into being by the Covid crisis, where people worked, shopped and were entertained at home. As a result of the upheaval, many sectors were turned upside-down, and as the economy recovered they have had to adjust themselves to the new situation. Construction, on the other hand, turned out to be one of the least impacted sectors, as Bartłomiej Sosna, a construction market expert at research company Spectis, e