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Why are they investing in more office space? There’s a national glut, and this building could be put to better use.
by hedora 3y ago
Why are they investing in more office space?
There’s a national glut, and this building could be put to better use.
- ramesh31 3y ago> Why are they investing in more office space? Buy low, sell high. They've done the same strategy in New York.
- whywhywhywhy 3y ago> this building could be put to better use Such as?
- hedora 3y agoIt’s at the intersection of a bunch of train stations. Retail? Residential? Commercial for people other than knowledge workers?
- kgermino 3y agoThey’re not building new office space. They’re converting an office building into… an office building. At worst this is neutral for the glut. And it’s actually a bit better than that, because IMU the glut is in lower quality buildings while demand for higher quality offices is still high.
- mrieck 3y agoIf you've been over there lately, it's more like they're converting a zombie-apocalypse mall into a Googler campus. It was already dirty and decaying pre-pandemic, but now it looks exactly like something out of 'The Last of Us'.