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by AnthonyMouse 1138 days ago
Be that as it may, why would corporations that are tenants rather than landlords make decisions on that basis? Remote work saves companies a lot of money on office space.
1 comments

The C-suite of the company I worked for during lockdown fretted a lot about the lack of usage of the office space. The problem they had was that they had a long-term lease on the building. They couldn't get out of it, and it burned a lot of money.

They had a political problem with investors (why are you wasting all this money of office space that nobody is going to?) and getting people back into the office was the easiest way to take that heat off of them.

They did eventually force everyone back in the office, but I had moved on shortly before that happened.

That is why nature invented subletting.

Getting 80% of what you're paying for space you don't need is much better than getting 0%. Then you get to claim a big cost reduction this year and a big cost reduction when the lease expires and you can dump the unneeded space entirely.

They investigated this, but it was impossible to find anyone who wanted the space. Everyone was working at home. Nobody needed office space.
There are no bad products, only bad prices. Subletting for 30% of what you're paying is more than 0% too.
No there are definitely bad products.
Nevermind that we're talking about real estate, which is certainly a useful product.

Name something that can't be used at all by anyone for any purpose.

Where is Softbank and WeWork when you need them? /s