Chrono urbanism and its relationship with the hybrid working culture: Real Estate opportunities and perspectives from NYC

Abstract

In the last few months, major news about redevelopment projects and policy changes to incorporate remote work culture has hit the headlines due to the always evolving lifestyle of people in urban areas around the world. During the still current covid19 pandemic, people fled major urban areas to more appealing sceneries. Now, as published in media outlets, they are coming back drawn by corporations but are demanding a new work culture which is being called hybrid.

Well before the pandemic, cities around the world have been fostering the notion of chrono-urbanism. In this paper, I will be discussing recent chrono-urbanism approaches applied to the hybrid lifestyles of people retuning to urban areas, where work-from-home becomes more prevalent. I will examine how the changes of lifestyles will adjust the spatial landscape of the real estate market and will observe this phenomenon specifically in New York City. I intend to combine evidence-based research with opinions from key stakeholders in urban planning and the real estate industry, through different attributes of the remote-work-culture incorporation such as commuting and urban activity patterns, new working spaces transformation and the synergy between these two.