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What could break next?
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The Indicator from Planet Money

What could break next?

Even if there isn't a recession right now, there are still vulnerable spots in the economy that could cause economic pain. Today on the show, we explore why some are concerned about the markets for commercial real estate and private credit.

What could break next?

Listen · 9:26
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Turning unused office space into housing could solve 2 problems, but it's tricky

1313 L St. in Washington, D.C., was formerly an office building. By the end of this year, it will be home to newly finished apartments. Richard Morrison, Erin Kenney/NPR hide caption

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Richard Morrison, Erin Kenney/NPR

Business

Turning unused office space into housing could solve 2 problems, but it's tricky

Turning barely used office space into desperately needed urban housing seems like a win-win in the work-from-home era. But even in cities eager to do this, plenty of obstacles remain.

A lot of offices are still empty — and it's becoming a major risk for the economy

The 777 Tower in downtown Los Angeles' financial district is one of two buildings that Brookfield, the city's largest office owner, defaulted on this year. Arezou Rezvani/NPR hide caption

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Arezou Rezvani/NPR

Business

A lot of offices are still empty — and it's becoming a major risk for the economy

The office property sector is in trouble as many workplaces remain empty, and that threatens to spark a number of economic problems, including more pain at the country's banks.

A lot of offices are still empty — and it's becoming a major risk for the economy

Listen · 4:03
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Companies are shedding office space — and it may be killing small businesses

Cobbler James Wallace Sears has spent decades fixing the shoes of lawyers, consultants and financial advisers who work in nearby corporate towers. With so many of them still working from home, he's not sure his business will survive. Arezou Rezvani/NPR hide caption

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Arezou Rezvani/NPR

Business

Companies are shedding office space — and it may be killing small businesses

With so many people still working from home, companies are cutting back on office space. That spells trouble for small businesses that depend on foot traffic.

Companies are shedding office space — and it may be killing small businesses

Listen · 3:56
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