“The nation is in the midst of one of the biggest workforce shifts in generations,” writes the Washington Post Editorial Board, describing the effects of nearly three years of stay-at-home orders, working from home, and hybrid work schedules. “Many now have experienced what it is like to work from home and have discovered they prefer it.” While much of the discussion in cities has focused on the fiscal distress caused by office vacancies, the loss of demand for retail uses in urban cores, declining transit ridership , and shifting commute patterns , less frequently addressed is the opportunity to, for lack of a better phrase, build back better—to turn the crisis of downtown vacancies into an opportunity to solve some of the challenges facing downtowns and regions since even before the pandemic. The Washington Post writes to refocus the discussion on the opportunities, identifying two obvious opportunities—to return workers to offices and to convert commercial spaces to residential units and entertainment venues. “This is a once-in-a-generation opportunity to reshape downtowns for the future. It should be a top priority of mayors and city councils around the country,” according to the editorial. “The goal is a ‘24/7’ downtown with ample […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
