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> most mid-sized and large companies really do own their suburban office buildings / HQ buildings here I'd love to see some statistics on that because it doesn
by kasey_junk 9y ago
> most mid-sized and large companies really do own their suburban office buildings / HQ buildings here
I'd love to see some statistics on that because it doesn't jive with my experience in large companies in the midwest. Ownership of land was considered a major negative when I was working in large companies but its definitely been a while and the sample size is small.
- bluedino 9y agoA lot of companies (or at least the owners of the company) do own the building they are in, through a holding company of sorts that the company then rents from.
- kasey_junk 9y agoThats clearly true of smaller companies. And there are larger companies that have significant real estate holdings as that is a major component of their business (McDonalds for instance). But office/operations space being owned was generally viewed as inefficient for large companies that didn't have real estate ownership as a core function because its a pretty bad asset for a company both as a store of value and as an investment in innovation.