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I work for an Australian company, where half of the ownership is a large company with massive exposure to commercial real estate. I find myself wondering if we
by monkeycantype 5y ago
I work for an Australian company, where half of the ownership is a large company with massive exposure to commercial real estate. I find myself wondering if we are paying lip service to returning to the office, till everyone figures out what to do with the huge investment in real estate. Once the border becomes more permeable, perhaps the inner city apartment sales will pick up again and companies will become more open about plans to off load them
- downrightmike 5y agoI'd agree with the lip service, but there won't really be a final end to the commercial real estate because the sector has had a lot of problems for a long time and they haven't put effort into fixing it even post 2008. So it needs to implode to be fixed. The current players are just forcing status quo, but the world snuck up and digitalized. whoops.
- JellyYelly 5y ago> perhaps the inner city apartment sales will pick up again Did they ever slow down? In Sydney apartment prices in the CBD and surrounding suburbs went up over covid, despite the lockdowns.