'Striking' Migration Out of Manhattan Shows the City's Vulnerability

The video discusses the impact of COVID-19 on urban migration, focusing on New York City. It analyzes data showing significant population movement, explores temporary vs permanent relocations, and examines the effects on urban areas. The discussion highlights economic inequality, the role of essential workers, and the importance of government aid in maintaining city services. It also addresses challenges in commercial real estate, including office, retail, and lodging sectors.

In what ways might the changes in migration patterns affect the future functioning of cities?

What impact does the exodus of wealthier individuals have on the city's tax base and essential services?

What are the potential long-term effects of the pandemic on commercial real estate?