City centres were innocent bystanders during the pandemic as businesses and households changed their behaviours. Dr William Strange will discuss his recent research on the impact of COVID on the appeal of city centres, sharing his unique research methods and results. Spoiler alert: City centres are still more valuable to commercial tenants. However, an analysis of commercial rents in the U.S. does show that cities did lose some of their appeal during the pandemic and this was especially true for denser, more transit-orientated centres.
Download the slides in PDF format: TABE Webinar – Are City Centres Losing Their Appeal
William Strange is a Professor of Economic Analysis and Policy at the Rotman School. William is currently Editor of Journal of Urban Economics (with Stuart Rosenthal), and he served in 2011 as President of the American Real Estate and Urban Economics Association. He works in the areas of urban economics and real estate. His research has considered agglomeration, industry clusters, labor market pooling, skills, private government, real estate development and real estate investment.
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