https://fortune.com/2023/05/25/office-space-crash-harder-than-expected-remote-work-economy-cre-crash/

“The key takeaway from our analysis is that remote work is shaping up to massively disrupt the value of commercial office real estate in the short and medium term,” the authors wrote.

:sicko-hexbear:

The authors found that higher quality buildings, a.k.a. buildings with higher rents that were built more recently, “appear to be faring better,” which they claim is consistent with the notion that companies have to improve office quality for workers to want to come back.

:porky-scared-flipped:

  • UlyssesT [he/him]
    ·
    1 year ago

    We built gigantic glass and steel monuments to office work in the cores of our cities, did so in a way that means those buildings can hardly be used for anything besides office work, but they’re also expensive to maintain and an expensive hazardous process to tear them down

    I HATE TECHBRO MINIMALISM :corporate-art:

    I HATE TECHBRO MINIMALISM :corporate-art: