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This paper conducts a comprehensive analysis of the impacts of remote work on both residential and commercial real estate sectors, examining changes in demand, property values, and urban development patterns. Through a thorough literature review and empirical analysis, the study highlights significant trends such as the preference for suburban living, the decline in traditional office space demand, and the rise of community-focused living arrangements. The study also offers strategic recommendations for urban planners, real estate stakeholders, policymakers, and business leaders to navigate these changes effectively. It underscores the importance of flexibility, sustainability, and inclusivity in shaping the future of urban development in an era of remote work.
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Samyak Pattnaik (2024) studied this question.
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