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Sometimes companies do buy offices. But very often they don't, either because they don't want to or can't afford to. Sometimes they buy offices, then rent out s
by seti0Cha 3y ago
Sometimes companies do buy offices. But very often they don't, either because they don't want to or can't afford to. Sometimes they buy offices, then rent out space to other companies. Sometimes they sign long term leases, but then change their plans and sublease to others. It's not at all clear to me what people are arguing for here. Companies rent office space because they've judged it the best use of their resources. They aren't being victimized by some landlord class, they're making resource allocation choices.
- lesuorac 3y agoIn my very limited exposer, companies often don't buy buildings because they can't. Somebody else owns the building and is only interested in renting it out.
- seti0Cha 3y agoWhat is your exposure then? I don't think I've ever worked at a place that had any interesting in owning the office building they were located in. Usually, they are only interested in part of a building, and they don't want the bother of renting out the rest. In fact, as I said elsewhere in this thread, I worked at a place that built and sold a building, then leased it back, because they specifically did not want to own the real estate. They preferred to have a building management company take on the risk, taxes, and mortgage burden and were willing to pay a bit more in order to have that outcome.