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This keeps being repeated but there is no evidence provided. Can you point to a single example of a company where this calculation would be made/true?
by snapcaster 2y ago
This keeps being repeated but there is no evidence provided. Can you point to a single example of a company where this calculation would be made/true?
- ghaff 2y agoThe company I used to work for was aggressively not renewing leases that they no longer needed given lower office occupancy. I have no doubt that companies trying to force people back into offices have some pretty silly reasons for doing so (including pressure from local governments) but the idea it's all about execs propping up commercial real estate seriously makes no sense even if it satisfies some conspiracy theory impulse.
- varispeed 2y agohttps://www.ucl.ac.uk/bartlett/construction/real-estate-breidge/working-home-and-office-real-estate-apocalypse https://www.ucl.ac.uk/bartlett/construction/real-estate-brei... https://money.usnews.com/investing/articles/reits-to-capitalize-on-return-to-office-trend https://money.usnews.com/investing/articles/reits-to-capital... Whilst these are not direct examples, they show the commercial estate market is in deep trouble if people are not going to return.
- snapcaster 2y agoRight, but the reason this theory doesn't make sense is because why would the executives of another company give a shit? How would they induce a bunch of tenants to RTO on their behalf?