Cities Are Thriving — Even If Office Real Estate Isn’t

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 30 May 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 30. During the height of the pandemic, some analysts predicted that the nation’s biggest cities would experience a downturn, as remote workers fled to cheaper areas. But now, despite the nation’s many empty office buildings, residential areas in cities including New York, Chicago and Los Angeles are experiencing a resurgence. Commercial property reporter Konrad Putzier and real estate reporter Peter Grant explain the dynamics. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm an I-lin' toffee.
0:02.6	I'm an I-lin' bloody yacht.
0:04.2	That's like, someone else's life.
0:06.1	Don't need a proper plan.
0:08.7	I wouldn't enjoy it while we can.
0:12.4	Hello? Can you hear me?
0:14.4	The blue.
0:15.8	The blue! We're waiting you!
0:17.6	I don't know where we are.
0:20.4	Oh, God. He's dead. He's dead!
0:23.0	New original series, no escape.
0:25.8	Stream all episodes now, on Paramount Plus.
0:28.5	Top of the varnish to stream now.
0:34.5	The clock is ticking as lawmakers begin taking up the debt ceiling deal.
0:38.6	Plus, despite office vacancies,
0:40.6	some residential areas in American cities are seeing a resurgence.
0:44.4	Those are areas that don't really depend on people commuting to the office.
0:48.2	Those are areas where people live.
0:50.0	And we're actually now people are...
0:51.7	they are more during the day because they work from home.
0:54.4	And Ukraine and its allies are planning a peace summit without Russia.
0:58.2	It's Tuesday, May 30th.
	...

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