It is not only the shift to remote work and the popularity of virtual office space which plagues the commercial real estate market. Unoccupied office space also means fewer workers commuting in daily who are customers for a myriad of other urban business, including restaurants, parking garages, bars and entertainment spots.
Exactly, I don’t discount that.
Not paying city wage tax, parking, food, etc.
City governments will have a very decreased tax revenue base. F em.
If my only choices were go to work in city and have to interact with city blacks and make $150K, or work from home at $110K…
Home every single time.