A vanishingly small proportion of business owners or managers have any investment in commercial real estate beyond the office lease they're holding. Virtually none of them own their commercial premises.
> Virtually none of them own their commercial premises.
Of course this is probably the case; but how many people in higher positions are invested in REITs that invest in commercial RE? I bet it's a fairly large proportion. Hews to the old adage espoused by Buffet and others of "only invest in what you know."
Just because they don't have skin in the game on that particular building they are bossing people around in doesn't mean they don't have vested interest in seeing office space being rented in general.
Of course this is probably the case; but how many people in higher positions are invested in REITs that invest in commercial RE? I bet it's a fairly large proportion. Hews to the old adage espoused by Buffet and others of "only invest in what you know."
Just because they don't have skin in the game on that particular building they are bossing people around in doesn't mean they don't have vested interest in seeing office space being rented in general.