4 ms·

Hasn't RTO (return-to-office) mandate solved the issue of empty office towers. Other day I read 90% of employers have forced RTO. And for companies with signifi

• colechristensen 2y ago
  No. There is a bit of a crisis with commercial real estate. Locally there are several stories of large businesses slashing their footprint, say, in half or selling buildings outright.
  • geodel 2y ago
    Ah good to now. I was thinking about this and come to conclusion that city govt, builders, employers which are all powerful entities and they all looking to fill office buildings. But I do not see a powerful counterbalancing force on this issue. Because employees are typically on receiving end of this my way or highway policy.
    • junto 2y ago
      In countries where the news media is largely consolidated, there seems to be a campaign of news articles pro-return-to-work. My assumption is that the overlap in interests between rich connected news and media magnates and commercial property ownership is somewhat aligned. In my opinion we have already crossed the rubicon on this topic and the pandemic caused a paradigm shift that means it’s very hard to put that genie back on the bottle, regardless of how many news articles they write. Organizations are finding it extremely hard to hire if they have an in-office policy. Few people want to lose two hours a day commuting in cities like London and rammed into busy public transport which used to be the case.
• gffrd 2y ago
  I know many people whose companies have an RTO mandate, and would put themselves in that "90% of employers with forced RTO" group … but where the rubber meets the road, many are not in office and enforcement is more of an unspoken agreement with a manager about being in from time to time. So, public face / private face stuff. Commercial real estate is in a much worse place than they care to say.
• bluedino 2y ago
  Depends on the company. 'RTO' might only be 2-3 days a month.