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Do you have any data to show how prevalent this is? I suspect worker retirement plans have more exposure than leaders of companies, and it seems only the larges
by voisin 3y ago
Do you have any data to show how prevalent this is? I suspect worker retirement plans have more exposure than leaders of companies, and it seems only the largest, most stable and slower growing companies own their own real estate.
- lotsofpulp 3y agoNo, I was just positing a motivation.
- HeyLaughingBoy 3y agoMy former employer's CEO (a small business) owned the floor of the building we were in and leased it back to the company. I've known other smaller companies that owned their own building, but it would be interesting to see how prevalent it is. I suspect it's more common than we think.
- voisin 3y agoIn North America at least, having condo or strata units by floor of office buildings is relatively rare. I’m not saying it is ever a motivation but I just don’t think it is as big a motivation among tenants/employers as I see people on HN claim it is.
- HeyLaughingBoy 3y agoI realized that owning an office floor, condo style is unusual. My point is that I've known of several small businesses that owned their own buildings outright.