CEOs have stacked their portfolios with commercial property and WFH is a threat to their investment

[SuperSpreader]

‘All hell is going to break loose’: Property titan and Shark Tank star Barbara Corcoran says Elon Musk is right about commercial office space

FINANCE.YAHOO.COM

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Corcoran is predicting a "bloodbath" before the sector gets any better.

 

 

[TUFKAK]

My heart breaks for them 

[ThreePi]

Its funny, I work for Walgreens and they're trying to sell the largest two of the 6 buildings on our corporate campus. Very unlikely that we would ever go back to more in-office work beyond the "every other Monday" that we do now.

[skillzdadirecta]

19 minutes ago, TUFKAK said:

My heart breaks for them 

[SuperSpreader]

1 hour ago, ThreePi said:

Its funny, I work for Walgreens and they're trying to sell the largest two of the 6 buildings on our corporate campus. Very unlikely that we would ever go back to more in-office work beyond the "every other Monday" that we do now.

 

In the bay area you can see from one end of the floor all the way to the other in preciously occupied properties

 

Scrap em up, recycle, and build housing 

[Nokra]

Yeah it's kind of odd... My company is simultaneously saying

 

1) we need to all start coming back to the office and 

2) that they're going to sell off many of our current buildings and

3) the remaining buildings will have large sections blocked off.

 

They're saying 2) and 3) are because the spaces aren't being used, but then they're forcing 1). So we're all going to be crowding into fewer and smaller areas, I guess?