After nearly a year and a half of living with Covid-19, many households have gone through long-term lifestyle changes, such as career reorientation and cross-country moves. New opportunities brought out by the pandemic, especially the sudden popularity of remote work, triggered many of these circumstances.
Such a dramatic evolution in work models has affected the real estate market across the country. Now, investors must reconsider where to focus their efforts and which assets may be better for expanding and balancing their portfolios.
Institutional investors with assets greater than $50 billion have long invested primarily in gateway markets, such as Los Angeles, San Francisco and New York; commercial properties in these cities typically offer…
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