Vacant office buildings are making city budgets vulnerable
Marketplace
English - February 16, 2024 23:44 - 26 minutes - 11.8 MB - ★★★★★ - 7.7K ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Vacant offices have been tough on the commercial real estate industry, and more recently lenders that have built a big business on those property loans. But the biggest losers are cities that depend on commercial property taxes. In this episode, some municipalities face big revenue shortfalls. Also: another blow to ESG investing, the cost of big-name credit cards and our excess stuff is feeding the booming storage space industry.