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by 999900000999
1589 days ago
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Agreed. Many bigger companies are pushing to get us all to come back to work. I'm pretty sure the real reason behind this is if remote work became the norm trillions in commercial real estate would become worthless Many auxiliary businesses, like caterers, cafe owners, would go out of business. I have noticed small companies have been much more willing to go all in on remote work. I strongly suspect the board members at many bigger companies have stake in commercial real estate. Or maybe I'm hopelessly navie and without billion dollar office buildings in central Manhattan the economy would collapse.... |
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That's exactly what I don't get. Why aren't they greedily crunching numbers thinking about how much they can save by selling off half the office space and going to a "come and show your face a few days a week" & floating desks even
There's yearly property tax and millions on upkeep on top of whatever pile of cash goes into holding the property when it can be sold off...and if they sell before all the other companies, they can still get a higher sales prices before commercial real estate plummets