By Michael Dardick,
CRE Opinion
October 8, 2020
Retail will all be online. New York is dead. Yay suburbs, Boo urbanity. Everyone will work from home always. We will live anywhere (literally) and work from there. Malls are dead. Business travel and hotels will never come back. As we have all heard many times since the start of this health pandemic—COVID is just accelerating existing trends in real estate.
This simplistic sound bite is directionally correct, but as Bill Gates’ quote illuminates, it may be a little, or lot, off on the timing. As they say, “in the end we all die”…. but there is a lot of time between now and then, hopefully!