(Archive link for parent article, for anyone who cant get past the paywall: https://archive.ph/uk2L8 https://archive.ph/uk2L8) I agree with you, and in partic

(Archive link for parent article, for anyone who cant get past the paywall: https://archive.ph/uk2L8 https://archive.ph/uk2L8) I agree with you, and in particular I have a worry that corporate real estate is a bloodbath whose extent is not yet revealed. WFH has destroyed the need for knowledge workers to cluster in a downtown office and all CFOs must be wondering how they can get out of their leases as soon as they expire, not only to save some costs but also to keep workers who like WFH happy (played right between HR head, CEO, and CFO, it could be touted as a benefit to employees that also saves the company money) SFO vacancy rates are about 15% right now (source: https://www.nar.realtor/blogs/economists-outlook/metro-office-vacancy-rates-q3-2022 https://www.nar.realtor/blogs/economists-outlook/metro-offic...). NYC, 13%, double pre-COVID. See the link for the data source. There will be many ways to read this data and if I knew which way the wind was blowing I'd obviously be out there making a killing on CBRE instead of typing this post, but if this trend stays, then cities will undergo huge shifts again. I don't predict the death of the city (cities have gone from being based on geographic confluence, to defensive importance, to transport hubs, to industrial centers, to mercantile centers, to confluences of knowledge workers, and they will adapt again) but it's goijng to be a bumpy ride.