Money Talks: Averting the city death spiral

Cities across the world are in the midst of an identity crisis. With fewer workers commuting into offices and more shoppers heading online, what are they now for? It’s a question that commercial real estate investors are scrambling to find an answer to.

On this week’s podcast, hosts Tom Lee-Devlin, Mike Bird and Alice Fulwood explore an office block that’s been repurposed to find out what the future holds for cities. Nick Bloom, a professor of economics at Stanford who’s been researching home working for more than two decades, tells them fully remote work can dent productivity by 10%. And Ed Glaeser, chair of the economics department at Harvard and one of the world’s leading experts on urban economics, says that troubled cities like San Francisco need to focus on making their downtown areas safe.

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