Cities Are Not Structures

Economists remind people that cities are not structures. Cities are actually humanity. That's the part of cities that matter, as opposed to architects who tend to think the important thing is the structures. This is an important point also with regard to what’s going to happen if we see an increase in work from home,. In terms of the office market. If companies say they can send 20 % of our work force home every day and let them zoom in on new york or san francisco then there will be a significant drop in demand for commercial real estate at those places. But it won't lead to empty office vacancies because the structures are still there. And all the businesses that rely