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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 Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is visual media and she has built up a great body of work of videos of panels & interviews in Silicon Valley.startup ecosystem.

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