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The City of Philadelphia sent all of its workers back to the office with an explicit statement from the Mayor about struggling commercial office real estate in
by alchemism 1y ago
The City of Philadelphia sent all of its workers back to the office with an explicit statement from the Mayor about struggling commercial office real estate in the city center. They may not be "running the country" but they are definitely heavyweight players in the market.
- hshdhdhj4444 1y agoUmm, yeah, because city executives whose “organizations” are funded by local taxes, especially commercial real estate taxes care about it. That says nothing about why CEOs of thousands of private firms who have nothing to do with real estate firms would care about those other companies’ profits.
- Workaccount2 1y agoBusinesses care about commercial real estate as much a renters care about landlords. This commercial real estate take is so backwards you have to wonder if it's a plant to make the anti-RTO movement look like idiots.
- freddie_mercury 1y agoThere was no such explicit statement from the mayor that it was because of real estate. https://www.phila.gov/2024-05-20-statement-from-mayor-cherelle-l-parker-regarding-city-employees-returning-to-the-office-on-july-15-2024/ https://www.phila.gov/2024-05-20-statement-from-mayor-cherel...