As COVID-19 vaccinations push across the country, offices are beginning to crack open their doors and welcome back employees to business hubs. What about the legions of office workers who have grown accustomed to working from home and have come to appreciate their newfound flexibility — how will they be accommodated?
Offices that had been used by banks may get rented for less to startups that place more value on round-the-clock co-working. The office is not dead, but it is certainly mobile. Many downtowns face considerable risk of losing businesses to cheap, warmer locales. This moment would be a bad time for local governments to treat their local employers like a fixed resource that can be freely taxed.
Regionalism will continue to grow in importance as cities, suburbs and exurbs more fully recognize that they are intricately linked in good times and bad. Trends in suburbs toward mixed-use development, more walk-ability and increased transit connections were long established before the pandemic, and these trends will only proliferate and accelerate post-pandemic.
Mitchell Moss is the director of the Rudin Center for Transportation at New York University, where he is also the Henry Hart Rice professor of urban policy and planning. Mark Dotzour is a real estate economist who served for 18 years as chief economist of the Real Estate Center at Texas A&M University in College Station, Texas.
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