Abstract
This chapter explains urban functions and their shifts in course of the COVID-19 pandemic. Such shifts in functions already occurred in past epidemics (or other shocks) and led to significant adaptations of urban structures. From a Europe-wide survey of real estate professionals, it can be deduced that the pandemic is more likely to result in centrifugal forces than in further densification in ...
Abstract
This chapter explains urban functions and their shifts in course of the COVID-19 pandemic. Such shifts in functions already occurred in past epidemics (or other shocks) and led to significant adaptations of urban structures. From a Europe-wide survey of real estate professionals, it can be deduced that the pandemic is more likely to result in centrifugal forces than in further densification in the big cities due to expected higher demand for residential spaces. Challenges for cities include, among other things, the redesign of public spaces and the conversion of existing properties as well as the reconstruction of transport infrastructures necessary for the restructuring, i.e. strengthening, of districts; this requires closer cooperation between private and public stakeholders. For actors on the real estate market, an assessment of the different burdens and opportunities of adjustment for individual asset classes is sketched.
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