Real Estate

The Covid-driven exodus from cities may be permanent, Goldman warns

It could take several years for urban vacancy rates to normalise

The signs of change are ubiquitous
The signs of change are ubiquitous Photo: Getty Images

A return to normal City life post-pandemic might take longer than anyone thought.

That's according to Goldman Sachs, which said in a note on 21 February that it may take years for urban vacancy rates to normalise even amid an easing of lockdown restrictions and as employment levels bounce back.

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