In identifying, analyzing and forecasting trends, it is essential to understand that all things are connected. As Chief Seattle said in 1855, “All things are connected, like the blood which unites us all. Man did not weave the web of life, he is merely a strand in it. Whatever he does to the web, he does to himself.”
Remote workers have moved out of city centers. Now investors are following them.
Real estate trusts focused on investment in downtown areas are trading at less than half their pre-COVID levels, The Wall Street Journal reported. Lenders are demanding extra interest to make loans against office buildings; bonds to support New York City’s bus and subway system have a hard time finding buyers.