Second-Order Effects of COVID-19
… light on this point… While all the focus continues to remain on the stock market and unemployment, there appears to be a tectonic shift taking place in urban commercial and residential real estate. Many skyscrapers are remaining vacant for the foreseeable future, retailers and restaurateurs are renegotiating leases or abandoning locations that previously offered them immense foot traffic, and young professionals and families are seeking the safety of suburbia. We are likely still several months from seeing the real impact of this near-term deurbanization, but it’s hard not to see how that won’t vastly impact the economic …
https://www.epicbrokers.com/insights/second-order-effects-of-covid-19/