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A comment on Backlash over Amazon's return to office comes as workers demand higher wages. Parent comment

Re:Backlash over Amazon's return to office comes as workers ... by dylan604 on Wednesday September 18, 2024 @03:39PM (#41584505)
If someone is paying for rent in a building, then the value does not lower just because nobody is actually using the space. The landlord has a tenant that continues to pay rent at market rate. That's the end of the story as far as the property value goes down. At least for the companies that rent their space. For companies that own their land and buildings, that's another thing, but again, the value is not set based on how many people are working there.

Not sure where this idea came from

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Re:Backlash over Amazon's return to office comes as workers ... by varispeed on Wednesday September 18, 2024 @03:47PM (#41584601)
> If someone is paying for rent in a building, then the value does not lower just because nobody is actually using the space.

If company cannot fill the office, it will be looking at downsizing and breaking the lease. If there are many companies like this, then landlord may not find a new tenant at existing rate and they'll either have to lower the rate or sit with empty property. If they have mortgage on it, it is a tough cookie to swallow.

It's similar story for companies who own the buildings. It becomes an asset that is losing value.

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