Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends.
Here’s the sneaky part:
A company that isn’t utterly brain dead can save money with WFH. My startup doesn’t even have an office to go into, we’re all WFH. Know what we’re not spending money on? A commercial lease. There’s opportunity here for companies to go and save a grip of cash by going WFH and either relocating to a smaller campus or dropping it altogether. In this situation, the only party who loses is the asset holder, and I have no problems with that. You win some, you lose some, that’s the free market.
Here’s the sneaky part: A company that isn’t utterly brain dead can save money with WFH. My startup doesn’t even have an office to go into, we’re all WFH. Know what we’re not spending money on? A commercial lease. There’s opportunity here for companies to go and save a grip of cash by going WFH and either relocating to a smaller campus or dropping it altogether. In this situation, the only party who loses is the asset holder, and I have no problems with that. You win some, you lose some, that’s the free market.
that’s the thing - who’s gonna buy a big campus in this market… kinda reminds me of homberguy/aquaman meme