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by silverpepsi
1591 days ago
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>if remote work became the norm trillions in commercial real estate would become worthless 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 |
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