Real Estate

IWG CEO says commercial real estate has a ‘shock coming’


The conversation isn’t about returning to the office, Mark Dixon, IWG CEO, told CNBC.

Bloomberg / Contributor / Getty Images

There’s a “shock” coming for the commercial real estate industry, but the opportunities ahead are huge, according to Mark Dixon, CEO of flexible office company IWG.

Technology enabled a “fundamental seismic shift” in commercial real estate as the Covid-19 pandemic forced millions of people to work from home for the first time, Dixon said — and workers don’t necessarily want things to go back to how they were before.

“There’s this assumption that people like commuting into a central business district. They don’t. It’s a complete waste of time and money and they don’t…


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