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Brian Chesky, the CEO of Airbnb, believes there is a lot of loneliness in the world and claims to know how to bring people together.

At the Bloomberg Technology Summit on Thursday in San Francisco, Chesky stated, “We’re probably living in the most lonely time in human history.” He declared, “We need to rebuild physical communities in cities all over the world.”

He observed that as a result of things like working from home instead of at an office, shopping on Amazon rather than at a mall, and watching films on Netflix rather than in theatres, people no longer congregate as much as they once did. We “still need community,” he said, even though places like churches and bowling alleys are no longer as effective as they once were as gathering places. “We need to be physically together.”

Chesky noted that breaking bad behaviours is a part of the solution. The practise of splitting up zoning into “this is a commercial district, that is a retail district, and that is a residential district” has a long history in cities. There may be a sizable chance to rezone the commercial spaces for residential or mixed use, he suggested.

According to a new analysis from MSCI Real Assets, commercial real estate is failing in the United States, with the amount of distressed assets rising to roughly $64 billion in the first quarter. According to the analysis, there are about $155 billion in commercial property assets that could be in difficulty, with offices—which have been particularly hard hit by remote work and significant layoffs in technology—representing the sector with the highest potential distress at nearly $43 billion.

Approximately 50% of U.S. offices are typically occupied, according to data from security firm Kastle.

No one truly believes it will turn the corner, said Shark Tank star and seasoned real estate professional Barbara Corcoran when discussing the low confidence in commercial real estate on Fox Business earlier this month. Most people are staying in.

In a report released on Thursday, the research firm Capital Economics stated that the “35% plunge in office values we’re forecasting by end-2025 is unlikely to be recovered even by 2040,” equating the decline in demand to what malls have gone through over the previous six years as consumers shifted to online shopping.

However, Chesky noted that “from of crisis comes opportunity, and when someone leaves, someone else can go in.

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