> I'm also not seeing why a company would care for the health of the commercial real estate sector. (aside from commercial real estate companies, obviously) So

> I'm also not seeing why a company would care for the health of the commercial real estate sector. (aside from commercial real estate companies, obviously) Some companies own a lot of their offices, but I don't know how many. I'm guessing it's mostly random mom-and-pops and corporate giants. I don't buy the argument that it's all about real estate because real estate should have already been marked down on the books, so you're trading potentially higher property value for an increase in opex for utilities, janitorial, etc. Investors prefer the opex win. They didn't buy FooCorp as a commercial real estate play.