4.8 • 615 Ratings
🗓️ 27 September 2023
⏱️ 20 minutes
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Mene Ukueberuwa joins Brian C. Anderson to discuss cities' efforts to convert unused office space into residential apartments.
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0:00.0 | Welcome back to the Ten Blocks podcast. This is Brian Anderson, the editor of City Journal. |
0:20.4 | Joining me on the show today is |
0:21.8 | Mene Ucaburuwa. He's an editorial board member at the Wall Street Journal, a former |
0:27.0 | associate editor of City Journal. He writes about politics, economics, education, and lots more. |
0:33.2 | He's been on the show before, and we've published a number of his pieces in City Journal. |
0:37.4 | His work has also been featured in National Review, New Republic, New Criterion, and |
0:43.4 | other prominent publications. |
0:45.8 | Today, we're going to discuss his recent writing for the Wall Street Journal on city's |
0:50.8 | efforts to convert unused office space into apartments, residential apartments. |
0:56.9 | So, Mene, always great to talk with you. Thanks for coming on. |
1:00.5 | That's great to be back, Brian. |
1:02.3 | So, yeah, this is, you know, a looming problem post-pandemic for cities. |
1:07.5 | Urban business districts, really nationwide, have yet to regain pre-pandemic activity. |
1:14.6 | I saw one study that was looking at foot traffic and tracking cell phone use. |
1:23.6 | And I think the best cities we're doing were sort of two-thirds return to pre-pandemic highs. |
1:31.4 | You know, New York and Chicago's office buildings are estimated to be around 20 percent empty. |
1:38.6 | And San Francisco is in a bigger crisis. |
1:40.7 | Their vacancy rate, I think, is over 30 percent. |
1:43.9 | And that was noticeable when I was out in San Francisco |
1:46.5 | recently. So as Hugh detailed in a recent Wall Street Journal editorial, many cities are looking |
1:53.0 | to adjust to this new reality to transform all of this empty office space into residential |
1:59.3 | apartments. |
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