A relatively small number of cities in the US and Europe have been the big winners over the past few decades while smaller communities have struggled, it's no bad thing if an increase in remote working allows that trend to be slowed down, or even reversed a little.

Cities like New York (and SF, London, Berlin, etc, etc) still have a bright future and are still going to attract large companies - and most of those companies are likely to remain predominantly office based for the foreseeable future.