Reimagining the Future of the Sydney CBD
Reflecting on Covid-19-Driven Changes in Commercial and Residential Property Trends
Bibliographic Data
| ID | 22018628 |
|---|---|
| Authors | Gabriela Quintana Vigiola (0000-0002-4157-5287, University of Technology Sydney), Juanee Cilliers (0000-0002-8581-6302, University of Technology Sydney), Luis Hernando Lozano Paredes (0000-0002-4753-2317, University of Technology Sydney), Luis Hernando Lozano-Paredes |
| Year | 2022 |
| Volume | 7 |
| Issue | 3 |
| Publication date | 2022-05-17 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Urban Planning (JOURNAL) |
| Journal identifiers | ISSN: 2183-7635 • E-ISSN: 2183-7635 |
| Publisher | Cogitatio (PUBLISHER • PT) |
| DOI | 10.17645/up.v7i3.5298 |
| OpenAlex | W4280595005 |
| Language | EN |
| Citations received | 3 |
| References cited | 25 |
Covid-19 has led to unprecedented changes in functional structures in our cities. Since the mid-20th century, central business districts (CBDs) worldwide have hosted economic and employment activities, leaving suburbia to home the residential function. However, the global Covid-19 responses have resulted in changes in some urban functions, and it is yet to see if these changes would transpire as temporary or permanent. Some argue that the broad macrogeographical pattern of urbanisation is unlikely to be changed. Still, that significant intra-metropolitan, neighbourhood-level and daily life changes are to become part of the new reality. Thus, this article considered these changes by focusing on property trends in the Sydney CBD to reflect on future trends, urban structures, and associated functions. An evaluative single case study desktop analysis was conducted to investigate commercial vacancy rates and rental prices within the CBD of Sydney (Australia) between 2018 and 2021 to reflect on the Covid-19-drive changes and their implications for urban planners. Findings highlighted that before Covid-19, both residential and commercial markets were growing, with rising rental prices and decreasing vacancy rates. However, commercial vacancies in the CBD have increased, and rental prices have decreased since 2020’s lockdown, stressing the dropping demand for commercial spaces. The residential market experienced a different trend with dropping vacancy rates and increasing rental prices. The data analysed provide an initial understanding of how Covid-19 has impacted the Sydney CBD. It poses some insights into potential future trends and changes in the urban landscape. It highlights the implications that the planning profession should consider in the quest to realise sustainable and resilient cities
Business · Civil engineering · Economic geography · Economic growth · Economics · Geography · Metropolitan area · Renting · Urbanization · Engineering · Housing Market and Economics · Urban and Rural Development Challenges · Urban Planning and Governance
The Planner's Triangle Revisited
Nonpharmaceutical Interventions Implemented by US Cities During the 1918-1919 Influenza Pandemic
Does Density Aggravate the Covid-19 Pandemic
There will be no Post-Covid city
Urban density after Jane Jacobs
Covid – 19 impacts cities, cultures and societies
Pandemic and the planning of resilient cities and regions
The spatial structure of American cities
Critical Commentary
The Limits of the City
Green Cities, Growing Cities, Just Cities
| Citations per year | 0.75 |
|---|---|
| Citation span | 2022 - 2026 (5) |
| Highly cited | No |