Re:Gen Z is lonely. Going back to the office may be the cure...
by nickpeterson on Tuesday October 31, 2023 @08:26AM
(#38083707)
Everyone in commercial real estate keeps hoping for a return to pre-covid work patterns, but it isn’t going to happen. Not paying thousands/millions a year for a location is a huge advantage.
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Re:Gen Z is lonely. Going back to the office may be the cure...
by gadflyinyoureye on Tuesday October 31, 2023 @09:00AM
(#38084141)
It is, but it should often be compared to the loss of tax breaks to have the building. Many large companies got deals because they would bring X number of workers to the area. Those deals are predicated on reports about building utilization. Cities overlooked those reports during covid, but now care. So you might have a $10 million dollar building (that you can't sell), but you are now also liable for $1 million in taxes because you broke your deal.