On the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Tracy Hadden Loh, a fellow with Brookings Metro and Reporter Kunal Kamal about declining commercial real estate valuations and property tax revenues.
Tracy kicks off the podcast by providing us a framework for understanding that issues as significant as commercial real estate (CRE) declines require structural, as opposed to cyclical solutions.
Tracy then explains the concept of a “doom loop”.
Tracy proceeds to explain “office to housing myths” and whether office-to-residential conversions represent a viable strategy.
The conversation then shifts to Tracy discussing the varying downtown recoveries in cities across the country and whether there are a common set of factors to explain the diverging trends.
Tracy provides some context on the role mass transit can play in a healthy CRE market.
The podcast concludes with Tracy explaining what steps municipalities can take in facing the challenges of a declining CRE market and the resulting decrease in property tax revenues.
#CRE #propertytaxes #muniland
