New York Times: Empty Office Buildings Squeeze City Budgets as Property Values Fall

New York Times: Empty Office Buildings Squeeze City Budgets as Property Values Fall. “Those dormant offices, malls and restaurants that have turned cities around the country into ghost towns foreshadow a fiscal time bomb for municipal budgets, which are heavily reliant on property taxes and are facing real estate revenue losses of as much as 10 percent in 2021, according to government finance officials.”

%d bloggers like this: