Commercial Real Estate Takes a Hit During Covid-19

The video discusses the impact of the COVID-19 pandemic on commercial real estate, highlighting a significant drop in transactions and the challenges faced by the retail sector due to increased e-commerce and bankruptcies. It also explores the shift towards remote work, affecting office spaces and leading to changes in real estate dynamics, particularly in major metro areas like New York City.

What does the text suggest about the future of commuting to New York City?

What is the expected change in the preferences of young people regarding living in major metro centers?