How the ‘urban doom loop’ could pose the next economic threat

Posted on AllSides August 28th, 2023
From The Left
Alyssa Pointer/Bloomberg News
ANALYSIS

In Indianapolis, the technology giant Salesforce is paring back a quarter of its office space in the tallest building in Indiana, where it has been a key tenant for the past six years. In Atlanta, the private investment giant Starwood Capital defaulted on a $212 million mortgage on a 29-story office tower. And in Baltimore, a landmark building sold for $24 million last month, roughly $42 million less than it fetched in 2015.

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https://www.washingtonpost.com/business/2023/08/28/commercial-real-estate-economy-urban-doom-loop/

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