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Which we have started to see within the Bay Area and other higher rent areas. The really interesting thing to watch will be commercial real estate, but those l
by brogrammernot 6y ago
Which we have started to see within the Bay Area and other higher rent areas.
The really interesting thing to watch will be commercial real estate, but those leases are longer & either impossible or expensive to break. We’ll see how the remote culture change impacts commercial real restate and if companies stop signing new leases & don’t renew them either once they run their course.
- ghaff 6y ago>those leases are longer & either impossible or expensive to break Unless a small business, e.g. restaurant, simply goes out of business. As is happening all over the place.
- topkai22 6y agoMy prediction is that commercial real estate is in for a bad time. The shift to remote work appears to be sticking enough that plenty of businesses are going to be really questioning thier facilities budget, and I doubt food or personal services are going to fully recover quickly. I have no idea what retail will do, but it had issues before the crisis.
- brogrammernot 6y agoYeah different scenario than I was talking about. I’m thinking the 50,000+ square foot commercial properties that are on 5-10 year leases