How four of the pestel factors could apply in situation

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Reference no: EM132917877

Let's say you go to work for a big real estate company that owns various large buildings in urban areas where offices are leased by various other companies (a very common situation in most U.S. cities). Then, let's assume that many of the companies that lease the space are having to do "Home Office" (working from home) during the Covid-19 pandemic (also a very common reality right now). Those customers of the building owners are finding that Home Office seems to be working, to be viable for continuing, if and when the pandemic is fully addressed (handled). Put another way, once the pandemic is over, the companies doing the leasing may want to continue with Home Office working and not need as much leasing space.

a. First, show how four of the PESTEL factors could apply in this situation. The six are Political, Economic, Socio-cultural, Technological, Ecological and Legal.

b. Second, if that Home Office trend outlives (lasts longer than) the pandemic, what strategy can the big real estate company do?

Reference no: EM132917877

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