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Before the shift to remote work, these office buildings were the thing that drew businesses to cities, and that brought people to cities. Now, these office buil
by phendrenad2 4y ago
Before the shift to remote work, these office buildings were the thing that drew businesses to cities, and that brought people to cities. Now, these office buildings will remain empty and become urban blight. Want a sneak peak at what happens next? The owners of these buildings will go bankrupt and abandon them. The city won't pay the electric bill, so they'll go dark. They'll fill up with gangs and drug dealers. The city will be too afraid to inspect them. They'll slowly fall apart and become dangerous.
Cities need to act fast to attract more residents near these buildings, and take over these buildings and rent them cheaply. Losing money on these buildings is preferable to letting them sit idle long-term.