Would mixed use building even work? I mean if you are not working downtown would you choose to live downtown? Is there not already housing inventory on the market downtown?
Office buildings have windows that don’t open, who would want to live where you could not get fresh air. Would property companies want to roll the dice on converting spaces and trying to sell them?
This is where I laugh at one of mckenna’s keys to stimulating the economy - retro-fitting buildings. Will property companies invest in a building that is only half full and wil be for the foreseeable future. Presumably if only if the government subsidizes a huge portion of the cost? What will the future of work look like? Seems like the genie is out of the bottle in terms of working remotely?
Of course I say all of this as my company is in the throws of preparing a space downtown for us to come back to on some level early in 2021.
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