7 ms·

Commercial real estate is under huge pressure and seems to have hired major PR firms to turn the tide...

catapart 3y ago
Ha ha! Yeah, I haven't read it yet, but that headline is just hilariously "corporate". It's like these people have never met the people they're trying to convince. [edited after reading]: okay, well nothing new there. Unrelated studies, implied as relevant; studies they claim show connections (maybe? it's vaguely worded) but don't provide links to; quotes from gen-z that don't necessarily mean what it's implied they are saying; the same old drum-banging about having 'mentors' around you to chat with, or having coworkers to go out to lunch with, just proving that those companies aren't doing remote work correctly. Nothing new here worth diving into, at all!
- jimmyk2 3y ago
  Par for the course for business insider. Remember “quiet quitting”? BI articles overwhelmingly had the tone that these lazy workers were gutting businesses. I think they just write articles to coddle middle management.
- Yizahi 3y ago
  Does it mention the "exchange of ideas near the cooler" for the full bingo?:)
  - catapart 3y ago
    Ha! Looks like they dodged that specific bullet. But there's plenty of that vibe to go around!
nickpeterson 3y ago
Everyone in commercial real estate keeps hoping for a return to pre-covid work patterns, but it isn’t going to happen. Not paying thousands/millions a year for a location is a huge advantage.
- gadflyinyoureye 3y ago
  It is, but it should often be compared to the loss of tax breaks to have the building. Many large companies got deals because they would bring X number of workers to the area. Those deals are predicated on reports about building utilization. Cities overlooked those reports during covid, but now care. So you might have a $10 million dollar building (that you can't sell), but you are now also liable for $1 million in taxes because you broke your deal.
shinjitsu 3y ago
large cities seeing erosion of their tax base are also hiring PR firms I think
test6554 3y ago
Didn't I just read about a bailout for commercial real estate recently? "Biden admin launches $45 billion dollar push to transform empty office space into housing"
- Kye 3y ago
  If it'll make them stop wasting more than that in people's lives forcing them back to work, it's a bargain.

Ha ha! Yeah, I haven't read it yet, but that headline is just hilariously "corporate". It's like these people have never met the people they're trying to convince. [edited after reading]: okay, well nothing new there. Unrelated studies, implied as relevant; studies they claim show connections (maybe? it's vaguely worded) but don't provide links to; quotes from gen-z that don't necessarily mean what it's implied they are saying; the same old drum-banging about having 'mentors' around you to chat with, or having coworkers to go out to lunch with, just proving that those companies aren't doing remote work correctly. Nothing new here worth diving into, at all!

jimmyk2 3y ago
Par for the course for business insider. Remember “quiet quitting”? BI articles overwhelmingly had the tone that these lazy workers were gutting businesses. I think they just write articles to coddle middle management.
Yizahi 3y ago
Does it mention the "exchange of ideas near the cooler" for the full bingo?:)
- catapart 3y ago
  Ha! Looks like they dodged that specific bullet. But there's plenty of that vibe to go around!

nickpeterson 3y ago

Everyone in commercial real estate keeps hoping for a return to pre-covid work patterns, but it isn’t going to happen. Not paying thousands/millions a year for a location is a huge advantage.

gadflyinyoureye 3y ago
It is, but it should often be compared to the loss of tax breaks to have the building. Many large companies got deals because they would bring X number of workers to the area. Those deals are predicated on reports about building utilization. Cities overlooked those reports during covid, but now care. So you might have a $10 million dollar building (that you can't sell), but you are now also liable for $1 million in taxes because you broke your deal.

shinjitsu 3y ago

large cities seeing erosion of their tax base are also hiring PR firms I think

test6554 3y ago

Didn't I just read about a bailout for commercial real estate recently? "Biden admin launches $45 billion dollar push to transform empty office space into housing"

Kye 3y ago
If it'll make them stop wasting more than that in people's lives forcing them back to work, it's a bargain.