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COVID-19 could boost interest in smaller cities’ real estate

  • Smaller U.S. cities could see heightened interest in their residential and commercial real estate coming out of the coronavirus pandemic (COVID-19), according to a report from the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). Raleigh/Durham, NC; Austin, TX; Nashville, TN; Dallas and Charlotte, NC are among the quickest-growing real estate markets, according to the report. 
  • More than 1,600 people including real estate investors, developers and property company officials responded to the report’s survey, of which 94% said they believe companies will allow at least partial remote work moving forward and may shrink their office space to save costs. More than half of respondents said businesses will seek new ways to encourage collaboration in-person while upholding compliance with social distancing guidelines, helping to ensure offices will not become obsolete.
  • Businesses and policymakers are also looking at ways to undo a legacy of inequity in the real estate sector, the report said. Seventy percent of survey respondents said the industry can address and help end systemic racism. But the report also warned the lack of affordable housing in the United States is exacerbated by the economic fallout and steep job losses caused by COVID-19. Read more via SmartCitiesDive

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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