Government infrastructure projects are on hold

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Dimaeiya333
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Joined: Sat Dec 21, 2024 3:35 am

Government infrastructure projects are on hold

Post by Dimaeiya333 »

An analysis by the National League of Cities predicts that 65% of cities will delay or cancel infrastructure projects due to COVID-19.

This may lead to delays in projected property values, as well as increased land use in places where infrastructure improvement plans had already been agreed.


Offices and commercial properties lose value
Due to prolonged lockdowns, as well as changing mindsets about offices, we have seen office rental prices fall across entire markets – namely Europe, North America and Asia.



Large retail spaces in key locations are no longer worth what they used to be. Across the world we are seeing key stores closing and tenants unable to pay rent or delaying payments.



It’s hard to predict where 2022 will take us, but the conclusion is clear: in 2019, most companies would not allow their employees to work remotely for more than one day during the work week. Now, in 2022, it’s common for them to visit their office once a month or less. We have witnessed, in three simple words, a complete reversal.



As industry professionals, it is our job to find new and innovative solutions for these now vacant spaces, and this is where 2022 will be interesting. We will be updating this report shortly to include some intriguing developments on the topic.

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