Opinion: Dear entitled white-collar workers: Time to grow up and return to the office
www.theglobeandmail.com
Millions more workers have been called back to the office, even at traditionally remote companies such as Zoom and Amazon

Millions more workers have been called back to the office, even at traditionally remote companies such as Zoom and Amazon

  • keepcarrot [she/her]
    ·
    1 year ago

    Apparently people who own companies and people who own commercial real estate are the same people.

    • BobKerman3999@feddit.it
      ·
      1 year ago

      Not to mention all the stuff around it like restaurants bars etc that wouldn't survive without the office workers' money

      • Uncle_Bagel@midwest.social
        ·
        1 year ago

        People love to live around those things. If lower office space is affecting landlords, they could always convert their properties into affordable housing

        • Staple_Diet@aussie.zone
          ·
          1 year ago

          Yes, but the building codes differ massively between commercial and residential. In most cases the entire building would need to be torn down and rebuilt.

          Plus the financial models are very different. Commercial properties like office towers are bought on the basis of their lease values, whereas residential buildings are based off of individual sale values. This can mean commercial property can diminish massively in the face of reduced demand.

          The best demonstration is the St Louis AT&T Tower story