It’s Called the “Urban Doom-Loop”

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With more people working remotely, companies are rethinking their plans to sign leases on business buildings in downtown areas all over the U.S.

Questions:

  1. What does this void of businesses cause?
  2. What cities are behind schedule on the highest percentage of loan payments on office buildings?
  3. What large cities depend on property tax revenue and what large cities depend on commuter wage taxes?
  4. Is the doom loop inevitable? Discuss.

Source:

Siegel, R. (2023). How the ‘urban doom loop’ could pose the next economic threat. The Washington Post, Aug. 28 (Retrievable online at https://www.washingtonpost.com/business/2023/08/28/commercial-real-estate-economy-urban-doom-loop/)