How remote work is reshaping commercial real estate

On Point | Podcast

WBUR

Talk Show, Daily News, News, Npr, On Point, Daily

4.2 • 3.5K Ratings

🗓️ 18 May 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Commercial real estate is cratering. In cities like Los Angeles and Chicago, more than 20% of office space lies vacant. What does that mean for America’s cities?

Transcript

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0:00.0	The OnPoint podcast is supported by Prompt.
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0:29.2	Learn more at mathworks.com.
0:32.8	As long as Joe Eskenazi can remember, life in downtown San Francisco followed a predictable
0:38.9	pattern.
0:40.2	The hustle and bustle of nine to five, and then nothing.
0:43.7	On pre-pandemic times, it could get very crowded.
0:46.2	And then it would, you know, it's almost as if, you know, the whistle goes off and the
0:49.7	thread slides down the dinosaur and says, yeah, but that would do.
0:52.2	And everyone empties out of the financial district because it's not a place that people
0:55.9	really hung out.
0:57.5	Eskenazi is managing editor of Mission Local, a news website that covers San Francisco's
1:03.0	Mission District.
1:04.4	He's also a native of San Francisco and has spent much of his life there, including
1:09.0	the last 20 years.
1:10.7	Nobody says, I'm going to go downtown.
1:12.9	I'm going to go to a place where there's very little in the way of amenities.
	...

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