‘The reversal of gentrification’: how Covid-19 could remake Australian cities | Business

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Office buildings in Australia’s CBD could be converted into residential living spaces as a booming commercial real estate market leads to a potential reversal of gentrification.The prediction of radically different city centers, made by real estate experts and architects, follows the change in work habits of Covid-19 which has forced employers to allow staff to work from home, with expectations that flexibility offered to them due to the coronavirus will remain to some extent in the post-pandemic future.

Urban Planning Think Tanks believe that with businesses needing less floor space and less commercial property used, state and local governments will need to do more to attract people to the city centers in which they are located. have already invested heavily.

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