Human Leadership & Transformation
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Executive PlaybookReal estate expert Francesca Heathcote comments on an article claiming that the pandemic economy has accelerated the need to reinvent the office market.
1 June 2021 | 3 minute read
An article written by Amy Liu, who is the Vice President and Director of the Brookings Metropolitan Policy Program and the Adeline M. and Alfred I. Johnson Chair in Urban and Metropolitan Policy, analyses the future of cities and the relationship between cities and workers, post-pandemic.
As the pandemic has enabled more people to work remotely, many have relocated to a different city or the countryside; and many others have carefully thought about what their future lifestyle might be, should remote-working become the rule rather than the exception.
This mass (and in some cases massive) change of paradigm has made cities re-think themselves. In particular, as a response to this new phenomenon, cities have been strategizing on how to attract new and more remote workers to their territory.
Liu argues that with little evidence on mass migration and relocation, under the current climate, cities should concentrate their efforts on retaining the exiting labour rather than focusing (too much!) on attracting new one.
The future city is not a prediction game, but rather and very much so a choice
Furthermore, Liu provides several considerations for both the public and private sector on how to rebuild post-Covid19 cities better:
Liu concludes that the future city is not a prediction game, but rather and very much so a choice.
This post gives the views of its author, not the position of ESCP Business School.