The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address

Abstract

The covid-19 pandemic induced a major shift in the prevalence of remote and hybrid work arrangements. This review article studies the effects of this remote work revolution for residential and commercial real estate values and for the future of cities. It also discusses consequences for productivity, innovation, local public finance, and the climate. The last part of the article discusses policy interventions.