Downtowns

Although downtown business districts are struggling due to continued economic lockdowns and questions about safely reopening offices, the long-term outlook for these areas appears to be in good shape. Business districts are likely to look different, though, as employers adjust to technological advances and a desire from employees to shift away from the traditional model to one that allows more flexibility for telework and work from home. A report from CBRE, a real estate firm that conducts significant research in its sector, indicates that people will want more flexibility with remote work but that at some point, employees will return to a traditional office environment.  “The pandemic has created unprecedented opportunities and challenges for commercial real estate occupiers that likely will usher…