
Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 Election
Macro Musings with David Beckworth
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The Urban Doom Loop in Commercial Real Estate
The hosts discuss the potential economic threat posed by the urban doom loop in commercial real estate, where empty office spaces and quiet downtowns trigger a decline in attractiveness and liveliness of downtown areas, impacting city finances, property owners' ability to make debt payments, and the overall economy. They explore specific instances of downsizing by technology companies, buildings being sold below initial value, and the challenges faced by mid-sized cities compared to larger cities like New York and San Francisco.
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