The future according to Blackstone: “Less density and a lot less new construction”

Blackstone Group, the world’s largest commercial landlord, has some sobering news. “Over time people will return to office buildings,” said its president, Jon Gray. But, he added, “there will be less density, there will certainly be a lot less new construction.” Gray spoke during the company’s second quarter earnings call Thursday, and reiterated what most Americans have realized over the last six months — the road to economic recovery, especially for cities, will be a

source https://therealdeal.com/2020/07/23/the-future-according-to-blackstone-less-density-and-a-lot-less-new-construction/