The shift to remote work has been a game changer for many industries, including the office technology market. With more people working from home, the demand for reliable and efficient office equipment has skyrocketed. As the new normal settles in, office technology providers have a unique opportunity to help businesses adapt to this change and enhance their productivity.
Summary:
- A shift to remote work could eventually bring down housing prices in areas popular among remote workers such as the Sun Belt region in the US and suburban areas outside big cities.
- These areas have the advantage of cheaper land, less red tape for developers and a strong history of new housing construction.
- This shift in population could ease price pressure in major cities such as New York and San Francisco.
- Although the march to cheaper housing is not immediate, a rise in housing supply is projected in 2023 with the completion of new apartments and condos.
- The shift to remote work has accelerated the trend of migration from expensive coastal cities to cheaper areas, leading to a surge in housing demand.
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