I went downtown a couple of months ago (January) to take photos, as I usually do. I hesitated on posting them because frankly, not much has changed over the last year. This is in contrast to five years ago, when there was always a new building popping up.
Then corona hit, and the photos seemed even less relevant, but now I’ve changed my mind on that. With the virus, everything is essentially frozen in time. Nothing is under construction, nothing will be open any time soon, and nobody is lining up to lay down piles of cash on new development. That is, even if the virus suddenly disappeared tomorrow, there are too many questions about the economy for investors. Will people get their jobs back? Will there be a change in demand for office space?