Suburbs Over Cities: Housing Shortages Push Millennials Out
<p>The COVID-19 pandemic sparked intense debate about the future of cities, with some greatly exaggerating the death of urban areas. But cities have been through significant disruptions before and have always managed to bounce back. Nonetheless, the pandemic accelerated some secular changes already underway leading to increased office vacancies and accelerating unaffordability.</p>
<p>Amid high demand for residential housing and <a href="https://www.backofthebudget.com/p/a-new-flurry-of-office-vacancy-concerns" rel="noopener ugc nofollow" target="_blank">lack of demand for office space</a>, cities will need to adapt. A look at recent developments:</p>
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