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 7, 2020
New certification program for rigid core luxury vinyl tile
ASSURE CERTIFIED to establish industry-wide quality standards.
Codes and Standards | Jan 7, 2020
Boston’s beefed up wetlands ordinance will limit development
Conservation commission must consider future climate impacts when assessing new projects.
Codes and Standards | Jan 6, 2020
States pick up the slack in efficiency policy as federal government lags
With climate change deniers setting policy in Trump Administration, progress continues in statehouses.
Codes and Standards | Jan 6, 2020
OSHA plans multiple revisions to rules impacting construction industry in 2020
Cranes and derricks, welding in confined spaces, beryllium exposure, and more on docket.
Codes and Standards | Jan 3, 2020
Labor supply and capability of workers worry contractors
Three out of four firms plan to add workers in 2020.
Codes and Standards | Jan 3, 2020
Car-free streets could become common in major cities
New York and San Francisco establish thoroughfares dedicated to transit, pedestrians.
Codes and Standards | Jan 2, 2020
CRE professionals have increased interest in embodied carbon accounting, smart buildings
Survey also shows that interest in resiliency lags behind.
Codes and Standards | Jan 2, 2020
White paper focuses on Metal Composite Material labeling
Document part of effort to uphold industry standards for the product.
Codes and Standards | Dec 18, 2019
Hard Rock Hotel collapse in New Orleans puts spotlight on undocumented workers
Having helped rebuild the city after Hurricane Katrina, many under threat of deportation.
Codes and Standards | Dec 18, 2019
Maryland lawmakers take on blocked sidewalks during construction projects
Legislation clarifies developers’ responsibilities.