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I think it’s more of a result of absentee landlords building a real estate portfolio that they don’t really give a fuck about as building managers. They’re flip
by empath75 8y ago
I think it’s more of a result of absentee landlords building a real estate portfolio that they don’t really give a fuck about as building managers. They’re flipping these buildings just like houses were being flipped before the financial crisis. Having renters in there just complicates things.
There’s a metro stop out here in northern Virginia that has a beautiful office building on top of it designed by a top architect and it’s _empty_. For at least a year now. And they’re building two more office buildings in the same location. They’re probably just all going to end up being managed by WeWork.
The whole thing reeks of a bubble to me.