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never bought that line either, though its often repeated as gospel. Sure, some big employers own the buildings and care about the value, but many are just leasi
by ejb999 3y ago
never bought that line either, though its often repeated as gospel. Sure, some big employers own the buildings and care about the value, but many are just leasing their space - and a typical profit-driven corporation, if they could just dump their leases when its over, and felt they could save a ton of money by letting all their employees work from home, would all be doing it.
I suspect this 'having big investments in CRE is the reason' is just blowing smoke.
- aworks 3y agoFor 11 years, I worked for a successful Silicon Valley company that had a philosophy of renting rather than buying. Their rationale was to focus on their business rather than in something outside their core expertise, commercial real estate. As a side benefit, twice in that time, we moved to newly constructed campuses, which was nice.