76% of American CEOs say they may shrink office space

Re:76% of American CEOs say they may shrink office space by cobookman on Thursday October 22, 2020 @06:34PM (#24863999)

Wouldn't rents just shift from cities to suburbs, offices to homes/banks.

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Re:76% of American CEOs say they may shrink office space by ghaff on Thursday October 22, 2020 @06:45PM (#24864076)

To some degree. Some people will choose to upgrade their home space--albeit often in less dense locations--but if utilization increases that's generally a win overall.

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Re:76% of American CEOs say they may shrink office space by albacur on Thursday October 22, 2020 @07:44PM (#24864577)

At least in San Francisco Bay Area, which has one of the worst housing markets in the country, it would be a net win.

For some people who've lived here a while and bought a house for cheap or have rent control, they're making money hand over fist.

But for the rest of us, a huge portion of our paychecks goes to landlords or paying a mortgage. It would be much more reasonable in almost any other US suburb and most US cities.

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