The pandemic caused an initial shift to remote work, leading to concerns about an “urban doom loop” of declining office property values, reduced tax revenue, and city decline. However, recent data shows a slowdown in population outflow from major cities, while policies like office-to-residential conversions offer solutions to revitalize downtowns and demonstrate the resilience of cities in adapting to changing circumstances.
Source: Was the Urban Doom Loop Greatly Exaggerated? – Propmodo
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