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JP Morgan does something like $38B in income per year. Its new HQ is $3B. Spot lease prices might be down 50%, but since the building has a 60-year lifespan, it
by dehrmann 4y ago
JP Morgan does something like $38B in income per year. Its new HQ is $3B. Spot lease prices might be down 50%, but since the building has a 60-year lifespan, it won't be that big of a deal long-term. That's for a company that owns. Companies that rent don't care. While some of these companies own commercial real estate, they're not really commercial real estate companies.