Many commercial office buildings could drop a lot in price when companies tell every employee to keep working at home for the next few years.
I expect many commercial buildings that were under construction on March 1 to remain unfinished for some years. I’ve seen this boom-bust-boom cycle several times.
What about those megamansion apartments that were built to house the hordes of H1-B Indian techies? Those people will think twice about signing long term leases for expensive apartments knowing they can find something much cheaper a few miles away from the city.
in 6 months you’ll be able to buy an empty mall for $1