The COVID-19 pandemic brought about a seismic, once-in-a-lifetime shift to the real estate industry for owners,investors, landlords, tenants, and consumers alike. While many lessons from the 2008 financial crisis have beenlearned and applied, the challenges of the current crisis dwarf those of its predecessor, both in extent and indepth.

The pandemic continues to upend nearly every facet of modern life: how we work and communicate, where wecan shop, dine, and travel, and what we do to educate our children, congregate with loved ones, keep ourselveshealthy, and celebrate small moments.

Yet positive advances in vaccine development and roll-out present a much-needed reason for hope.The next normal is almost here. Now that the dust is settling, should hotels, shopping malls, offices, cinemas,and parks be written-off or hasten their evolution?