Re:Pinterest cancels office lease in unbuilt project, citing...
by JMTQp8lwXL on Saturday August 29, 2020 @04:28PM
(#24319191)
The same can be said for so-called 'Zombie' corporations. Many of them aren't growing and subsist because they have access to large quantities of low-interest debt, and partially due to the fact they employ many people, and one of the Fed's mandates is to promote low unemployment rates. When a lot of commercial real estate is sitting un- or underutilized, that's less workers and economic activity occurring.
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