It is currently fashionable to assume that re-urbanization (moving from the suburbs back into the city) is going to be a long term trend. And possibly it will. But much less talked about is the fragmentation of cities into satellite parts, and the reversal of people moving from rural to urban.
Modern telecommunications in conjunction with a growing knowledge-based economy make it likely that we see the disaggregation of migration trends and the prospect, at some point, where people begin moving back out to the country. It will require a little culture change within companies and good software (to keep in touch and to keep an eye on people), but all of the ingredients are already here.
I would be a nervous holder of anything but AAA office space in a CBD location.
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