Record shattering vacancy rates and value plunges in Bay Area urban cores may lead to the absence of future high-rise downtown office building construction post-pandemic.
Despite current challenges, history shows urban cores and rents in the Bay Area have rebounded in previous cycles over the last 40 years, contradicting pessimistic projections.
Investment in high-speed underground transit like BART to downtown San Jose remains crucial for regions with large populations, even with advancements like self-driving cars and air taxis.
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