Offices are likely to get bigger, not smaller. Major cities could hollow out. And more people will work remote.

Those are some of the takeaways from dot.LA's virtual strategy session held Tuesday on the future of commercial real estate with Brendan Wallace, co-founder and managing partner at Fifth Wall; Justin Bedecarre, co-founder and CEO of HelloOffice and Jen Nguyen, founding partner of TEAMWERC.

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Offices will be bigger and oriented around creating a sense of community, omnichannel retail will be more important, brands will have dozens of stores instead of thousands, and cities will provide incentives to lure employees rather than companies. Those are some of the predictions about what will happen in the next few years as the world recovers from the coronavirus, according to Brendan Wallace, co-founder and managing partner at Fifth Wall, Justin Bedecarre, co-founder and CEO of HelloOffice and Jen Nguyen, founding partner of TEAMWERC.

Fifth Wall is the largest venture capital firm focused on real estate tech, known as proptech. It announced the close of its second real estate technology fund last year, with $503 million in dry powder, making it the largest VC fund in Los Angeles. HelloOffice is a technology-powered commercial real estate brokerage that started in the Bay Area and expanded to L.A. last year. TEAMWERC is a San Francisco-based commercial real estate consultancy.

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Lots happened in the L.A. tech and startup community this week. dot.LA chief host and correspondent Kelly O'Grady takes you through the key stories:

  • COVID: iFoster Helps Save Semester for Foster Youth, UCLA Projects Economy Will Take 3 Years to Recover
  • Media: Cameo CEO Talks Disrupting Entertainment Industry, Atom Tickets Optimistic About Movie Theaters' Future
  • Startups: 'Anti-Superficial' Dating App S'More Launches in L.A., Relativity Space Gains West Coast Launch Site
  • HelloOffice Bets on Returning to Offices with $20M Series A
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