I don’t work in those departments, so I don’t know about those conversations explicitly, but I think it’s notable that many big tech companies spent the post-pa

I don’t work in those departments, so I don’t know about those conversations explicitly, but I think it’s notable that many big tech companies spent the post-pandemic times unwinding real estate expansion and leases. For example, Google has paused a number of projects related to new buildings (eg SJ mega project), and has started to clear out leased buildings that were outside their core neighborhood. I wonder when overpriced buildings and leases will start to be a competitive risk. I recall that Handspring (makers of Palm PDAs) tied up a ton of cash in expensive leases right before the iPhone became a competitive threat. Losing access to that cash weakened them by preventing them from being nimble. I can see similar situations happening with companies expansion in 2020s to overvalued RE commitments.