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by cudgy
1126 days ago
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The impact is the same regardless of event. A centralized location being affected by any of these events is going to impact business negatively to a much greater degree than a company whose workers are spread out in different locations. As for real estate buying decisions, it depends on the industry of course. So, given a standard tech business, you buy what you need for positions that cannot be performed remotely and estimated space for those workers that desire to work at that location hopefully in a location close to where these workers live (which is likely not in a typical downtown city location). Basically, smaller satellite offices near where the people that have to go to a physical location live. |
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It isn’t though. Eminent domain increases property values. Pandemics and terrorism decrease it.
> So, given a standard tech business, you buy what you need for positions that cannot be performed remotely and estimated space for those workers that desire to work at that location hopefully in a location close to where these workers live (which is likely not in a typical downtown city location).
This is divorced from the reality I live in. My city developed a business district complete with housing and entertainment near downtown. That area is dead now and the city is understandably concerned. It wasn’t a bad idea before but now it hasn’t worked out. But I can’t blame the businesses who invested. They seem to have made all the right decisions. It wasn’t clearly a mistake pre-pandemic. In fact it was all very progressive and forward-looking.