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The article focuses on the small businesses serving office workers downtown, and on air travel. Dry-cleaners, cafes, shoe repairers, gyms, beauticians, nail ba
by tuatoru 6y ago
The article focuses on the small businesses serving office workers downtown, and on air travel.
Dry-cleaners, cafes, shoe repairers, gyms, beauticians, nail bars, copy centres, florists, newsagents, office supply stores, etc.
The second order effect on real estate isn't discussed. If a lot of these businesses disappear, along with a large fraction of office workers, building owners may not be able to service their costs (finance, insurance, maintenance, etc.)
I guess Wall Street will get another bail-out at that point.
- simooooo 6y agoThey will. As people are borrowing against the current perceived value of these buildings