Re: So the next logical step is...
Except it's not an all or nothing thing. Cities may very well see some shrinkage, but there are still plenty of reasons for living and working in cities - access to museums, concert venues, theatres, a good selection of restaurants, and a good selection of pubs. And central work-places will still exist - there /are/ jobs that can't be done from home, and other jobs where getting into the workplace occasionally would be beneficial.
And smaller towns may well see a bit of resurgence - people who want cheaper property within walking distance of the country, but want a bit of a taste of the city too.
Whilst face-to-face meetings may be the "gold standard" of interaction, video conferencing is the "silver standard" and is likely to improve as we get more used to it and vendors add more features. Always on video conferences? Why not?
I think it's easy to overlook that now isn't the new normal - it's still pandemic territory not mass working from home territory. Undoubtedly there will be lots of disruption and that one person who will end up with the right predictions will be right by accident.