Big Cities Face Big Pandemic Problems

The video discusses the economic impact of the pandemic on major cities like San Francisco, New York, and Seattle, highlighting a drop in online job postings. It explores business incentives in New York and the shift to remote work by companies like Google, Facebook, and Twitter. The changing dynamics of office spaces are examined, with a focus on the need for offices as destinations rather than just workspaces. The video also analyzes the struggles of retail real estate in Manhattan and shifts in consumer behavior. Finally, it considers the future of work in urban areas, questioning whether the exodus from cities is temporary or permanent.

Which cities have experienced a decline in online job postings due to the pandemic?

• Los Angeles, Chicago, and Miami

• San Francisco, New York, and Seattle

• Boston, Philadelphia, and Washington D.C.

• Houston, Dallas, and Austin

What is a significant change in work culture mentioned in the video?

• Increased in-office meetings

• Shortened work hours

• Mandatory weekend work

• Extended remote work plans

Why are people moving from cities like San Francisco and Manhattan to the suburbs?

• Better public transportation

• Lower cost of living

• Desire for larger homes

• Remote work flexibility

What has been the impact of the pandemic on retail real estate in Manhattan?

• Slight decrease in retail rents

• Plunge in retail asking rents

• Stability in retail rents

• Increase in retail rents

What is the speculation about the exodus from major cities?

• It will have no impact

• It is a permanent change

• It is a temporary change

• It will lead to urban growth