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How is this about real state investment?
by YetAnotherNick 3y ago
How is this about real state investment?
- e_i_pi_2 3y agoIf you own a big office building and companies don't need as much office space then you can't charge as much for rent, and the property loses value. Similar to how online shopping has led to a bunch of malls closing down
- jvmboi 3y agoDo you mean that the landlord is instructing the employees of it's tenants to RTO so that he can keep his income and property value? How does that work? "Hello CEO of Awesome Inc, it's me CEO of Rentalz Co. Your people have to return to office so that I can keep collecting the rent". CEO of Awesome Inc: "No." CEO of Rentalz Co.: "shucks!"
- scaryclam 3y agoThis is something that gets trotted out every time this topic comes up. It's got little to do with the actual conversation, and it only relevant to some companies. Basically, some companies own buildings that need to be leased out and some companies have long leases which would mean money "down the drain" if they're not utilised. That's wrapped up to equate being told to come into the office as a profit driven thing, rather than a productivity driven thing. As a blanket statement it's not true as not all companies care about it, and when we're talking just about productivity, it's irrelevant as it's not actually a consideration. If we're talking about motivations for coming back into the office, then sure, it's a very relevant topic there.