Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by fred_is_fred on Sunday October 25, 2020 @09:29PM
(#24891939)
Oh relax. They're not going to implode the buildings and nobody is going too die. Rents will fall, some bond holders will default, but at some cost point that real estate has value to someone. Rents are not going to zero.
[ Parent
| on HN ]
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by pbourke on Sunday October 25, 2020 @11:44PM
(#24892653)
Basically this. Lots of people leave. Lots of companies go fully remote or are wound up. Lots more people and companies get more bang for their buck in the real estate market. Some real estate businesses tank. The market finds a clearing price.