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The idea that RTO is being driven by the desire to prop up commercial real estate makes zero sense and needs to die. The vast majority of companies are renting
by orev 2y ago
The idea that RTO is being driven by the desire to prop up commercial real estate makes zero sense and needs to die. The vast majority of companies are renting their office space, and have no interest at all in the mortgage price of the building.
There may even be a counter incentive, where if the real estate values go down, so does the rental rate which would save the company money.
- christhecaribou 2y agoThen prove it with data? Otherwise you sound just like one of the 60-80 CEOs out there. Amazon, a company pushing for 5-day RTO, absolutely does own most of its CRE portfolio.
- wg0 2y agoCompanies have no interest. The real estate companies do. And this has been reported in depth in US news media. Some have stakes both in real estate and tech sphere so they certainly can pull the strings. This RTO isn't about efficiency at all