10min chapter

The Accounting Podcast cover image

Lyft's Big Financial Typo

The Accounting Podcast

CHAPTER

Financial Implications of Remote Work and Commercial Real Estate in Boston

The chapter discusses the financial impact of remote work on the commercial real estate market in Boston, leading to a significant tax shortfall due to empty offices. It highlights the heavy reliance of Boston on commercial property taxes and the challenges faced by landlords with mortgages on office buildings. The conversation also explores potential tax shortfall projections and the influence of large tenants like WeWork and Deloitte on the city's commercial landscape.

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