Stijn Van Nieuwerburgh, Columbia Business School professor of real estate and finance, joins ‘Power Lunch’ to discuss key triggers of an urban doom loop, dramatic reduction in office demand adding downward pressure on city tax revenues and bank equity eroding due to debt exposure in properties with declining values.

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• Source: https://www.cnbc.com/video/2023/09/08/columbia-business-professor-talks-commercial-real-estates-doom-loop.html