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Creating dynamic urban centers
Key findings
Central Business Districts will have to reinvent themselves to remain competitive
Immediate challenges facing CBDs are five-fold
1. Adjusting to hybrid working patterns
2. Long and costly commutes make CBDs less appealing
3. Addressing property obsolescence and accelerating real estate decarbonization efforts
4. Competition from new districts is heating up
5. Factoring in unstable demand
What does a successful CBD look like in the 2030s?
Actions to consider for the real estate sector
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of office space in major CBDs was built before 2015

is the average number of days people work remotely

below pre-pandemic levels - lagging leisure travel remains a concern
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