Gateway cities are likely to come under increasing pressure as a result of economic and cultural shifts triggered by the coronavirus crisis, according to Mike Kirby, Green Street Advisors’ co-founder and director of research.
In addition to the work-from-home trend, which has the potential to expand the radius where workers can live, gateway cities are also being squeezed by social unrest and fiscal challenges, Kirby said during a July 15 NYU Schack REIT Leadership Workshop webinar.