What the flattening bid-rent curve means for the future of downtown real estate

what the flattening bid rent curve means for the future of downtown real estate

Sumary of What the flattening bid-rent curve means for the future of downtown real estate:

  • Article content An update on housing markets by the Bank of Canada in April also highlighted the pandemic-induced change in location preferences..
  • There is also the possibility that companies might continue to substitute WFH-enabling technology for expensive real estate in the urban core..
  • Moderating demand for commercial real estate in the urban core could further contribute to a flatter post-pandemic bid-rent curve..
  • But over time, with growth in demographic and economic footprints, the demand for centrally located real estate could reach pre-pandemic levels..
  • Consumer preferences and WFH technologies will play increasing roles in determining the future desirability of a location….

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