Sorry and thank you for calling it out. I should have written “Executives with interest in commercial real estate”. From heads of consulting firms to executive

Sorry and thank you for calling it out. I should have written “Executives with interest in commercial real estate”. From heads of consulting firms to executives with commercial real estate in their own organizations, nearly all of them have a strong interest in commercial real estate doing well. I would expect most, if not all large companies to have exposure to commercial real estate and many make a lot of money from building and investing in commercial real estate. But the people that have the strongest interest in this doing well are the people who are in the boardroom. I really think there are few similar issues where the interest of the board and the interest of employees are opposed (many workers want to stay home, many board members want them back in the office). Take Google - Robin L. Washington sits on Google’s board and also Honeywell’s. Honeywell has $5 BN on their books in “Property, plant, and equipment”. Not sure how much of that is office buildings vs. manufacturing, but still even 10% is $500 M. It’s not like it’s some major conspiracy, it’s just that boards are small, you can make hops between large companies, and it only takes a small push to make all large corporations lean toward return to work. For most companies with exposure to real estate it makes sense. Most others’ (I’d argue) have board members with an interest in propping up commercial real estate. Most common people do not have a direct interest, but will feel pain if the commercial real estate market significantly changes.