At some point, the value of those buildings is going to trade at land value. And there will be an opportunity to demolish them and build a new office,. It's not that nobody wants to live there, but you can't convert. The idea that everybody's working from home is nonsense. We all want to big offices, hold hands, and collaborate.
Allison Schrager, Senior Fellow at the Manhattan Institute and Bloomberg News Real Estate Reporter Patrick Clark discuss how home prices in the US rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings. Michael Shvo, Founder and CEO of SHVO, shares his thoughts on the commercial real estate market, Bloomberg Technology Co-Host Ed Ludlow joins the conversation. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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