September 2020

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How Will America’s Cities Recover From COVID-19 And Thrive In A Post-Pandemic Economy?

How Will America’s Cities Recover From COVID-19 And Thrive In A Post-Pandemic Economy?

COVID-19 has had a profound impact on our health and overall well-being. But the pandemic has also altered the material conditions of daily life. Nowhere is this more evident than in the United States’ urban centers.

According to Hugh Kelly, Chair of the Fordham Real Estate Institute, COVID-19 is already forcing city planners to rethink how best to accommodate their citizens’ needs. “In the near-term, it’s clear that things like density, mass transit dependence, [and] high-rise building forms are disadvantageous in the midst of the height of the pandemic,” he writes. “For the short-term, metropolitan areas that are more sprawling, more low-rise, automobile-dependent, and have the ability to have the built-in equivalent of social distancing have the advantage, and that’s probably the case for the next 12 months or so.”

What does this mean for a region like the Dallas-Fort Worth Metroplex — one defined by a mix of characteristics Kelly (and experts like him) identify as advantageous and disadvantageous? Uncertainty obtains, but business leaders across D-FW would benefit from closely following these three emerging trends.