Opinions differ on whether the flight of urban residents from big metropolises as a result of the COVID-19 pandemic portends a decline among the nation’s cities.
Some researchers say this trend marks a long-term shift away from urban living. Others see the trend as a temporary change that will reverse over the next few years.
Population reduction puts in place a cycle of declining rents creating greater affordability, which could make them attainable for more people—and perhaps for more businesses if vacancy rates continue to rise. This could contribute to a comeback for large cities.
Second-tier cities are weathering the COVID storm better than the nation’s largest cities. In fact, in recent years, these smaller, non-gateway cities having been growing GDP faster than traditional gateway markets, like New York. After COVID, this trend is likely to accelerate.
Related Stories
Codes and Standards | Jan 5, 2018
Building code officials should vet building product evaluation methods
Evaluation service providers should be properly accredited.
Codes and Standards | Jan 4, 2018
U.S. military needs to do more to address climate change risk for facility design
GAO report cites hundreds of overseas facilities in peril.
Codes and Standards | Jan 3, 2018
China Construction America faces billions of dollars in liability in lawsuit
Court filing alleges massive fraud and breaches of contract in Baha Mar Resort Project.
Codes and Standards | Jan 2, 2018
Smart building tech can reap utility savings of 8% to 18% in commercial buildings
Potential for increased deployment of smart building technology is great beyond early adopters.
Reconstruction & Renovation | Dec 21, 2017
Interactive map includes detailed information on historic New York City buildings
The New York City Landmarks Preservation Commission launched a new, enhanced version of its interactive map, Discover NYC Landmarks.
Codes and Standards | Dec 20, 2017
Moody’s says cities may face credit downgrades if they don’t address climate risks
Credit ratings giant will ask what communities are doing to mitigate risk exposure.
Codes and Standards | Dec 18, 2017
Schools with optimal indoor environments boost student performance and energy efficiency
World Green Building Council report confirms that lighting, indoor air quality, thermal comfort and acoustics impact learning.
Codes and Standards | Dec 14, 2017
Mayors sign Chicago Climate Charter; will strive to meet Paris accord goals
Pledge to push for more local authority to reduce emissions.
Codes and Standards | Dec 13, 2017
New report examines ongoing costs of green infrastructure options
The report compares solutions to reduce stormwater.
Codes and Standards | Dec 12, 2017
Total cost of structural fires in U.S. reached $328.5 billion in 2014
Costs associated with losses was $55.4 billion.