Viewpoint: Commercial property values are plummeting. This controversial idea is the answer.

I have been a resident of D.C. and the surrounding metro since I came to this town to start my career as an architect in the late ’80s. Back then I was a New England boy, but stay a while and this town will grow on you.

I have been pleased to watch its rise in prominence (NFL team notwithstanding) from a sleepy little government town into a major East Coast metropolis.

Since the mid-1980s I have also watched other American cities grow in vibrancy and density. Look at the rise of D.C.’s neighbors to the west: Arlington’s commercial corridor and the edge city of Tysons. Look at Boston’s densification from one end of the city to the other. Look to Philadelphia, which broke its glass ceiling with 1987s One Liberty Place, or the rise of the ultrathin tower in Manhattan. Expand the view to London, Paris, Shanghai, Singapore City, Hong Kong, Sidney, Dubai and so many other world cities.

Then came Covid and the rise of telework and what might be the beginning of the end for the need…

Read the full story from the Washington Business Journal.
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