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Excellent points, your last point regarding the cost of office space has come up in every conversation I have had in the last few weeks. Bad news for the specul
by sigmaprimus 7y ago
Excellent points, your last point regarding the cost of office space has come up in every conversation I have had in the last few weeks. Bad news for the speculators good news for everyone else!
- _curious_ 7y agoA lot of lessees are deferring, renegotiating, and quite literally walking away from their 5-10+ year lease obligations right now. Not just speculators...a lot of collateral damage will happen as the bottom drops out :(
- sigmaprimus 7y agoTrue enough after thinking a bit more on it, your right again regarding collateral damage. I had not considered the furniture makers, cleaning staff, coffee services etc... There really is a huge industry that revolves around commercial real estate. I am hopefull that the bottom doesn't completely drop out. One of the worst things for a community is a bunch of empty buildings boarded up just rotting away and inviting ne'er-do-wells to move in and ply their trade.