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Research Paper | Economics | Volume 15 Issue 5, May 2026 | Pages: 1442 - 1445 | India
The Impact of Remote Work on Commercial Real Estate Prices and Urban Productivity
Abstract: The rise of remote and hybrid work after the COVID-19 pandemic has significantly transformed commercial real estate markets and urban economic structures worldwide. This paper examines how remote work affects commercial real estate prices, office occupancy rates, and urban productivity. Using secondary data from major urban economies, the study analyzes the relationship between remote work adoption and declining demand for office spaces in central business districts (CBDs). The paper also explores how changes in commuting behavior, workforce decentralization, and digital infrastructure influence urban productivity. Findings suggest that remote work has reduced demand for traditional office real estate, lowered office valuations in major cities, and accelerated suburbanization trends. However, remote work has also contributed positively to productivity by reducing commuting time and increasing labor flexibility. The paper concludes that cities and policymakers must adapt through mixed-use redevelopment, digital infrastructure investments, and flexible urban planning models.
Keywords: Remote work, commercial real estate, urban productivity, hybrid work, office market, telecommuting, urban economics, property valuation, central business district, economic productivity
How to Cite?: Dhruv Agrawal, "The Impact of Remote Work on Commercial Real Estate Prices and Urban Productivity", Volume 15 Issue 5, May 2026, International Journal of Science and Research (IJSR), Pages: 1442-1445, https://www.ijsr.net/getabstract.php?paperid=SR26521161858, DOI: https://dx.dx.doi.org/10.21275/SR26521161858