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4min chapter
How American Cities Can Avoid the ‘Urban Doom Loop’
Plain English with Derek Thompson
The Erosion of Office Space Utility
More than 40% of office space is either vacant or underutilized in major U.S. cities like New York, Chicago and Los Angeles. "Our whole world over the past century has been designed around the office," says Steve Roth from Vornado Realty Trust. Friday is dead forever, and Monday is touch and go, he adds.
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