Remote Work Could Transform American Cities
The COVID-19 pandemic has spurred a remote work revolution. Even after the public health threat has abated, a growing number of U.S. companies say they'll have their employees continue working from home some or most of the time. 68% of large CEOs are planning to downsize their offices as a result, according to a KPMG survey.
The shift toward remote work could have major impacts on cities. Demand for commercial real estate in large metropolitan areas could decline, impacting construction and tax revenues. Retail businesses in major cities may see far less foot traffic. And as high-skilled workers reduce travel into major metropolitan areas, experts fear a widening gap between the rich and working class.
On the flip side, less travel could mean less pollution and pressure on infrastructure. Learn more about how remote work could transform America’s cities at CNN.