I suspect all large employers are being lent on by the banks and probably local governments, to prevent a real estate collapse.
I can guarantee 100% every CEO on the planet would love to offload the cost of providing office space to the employees themselves . No shadow of a doubt.
Yet as you observe, lots of CEOs are on this message now, that employees should come back to the office.
I’m open to other explanations, but that it is mine.
Zoning laws are perfectly fine to keep unused office space from being used as housing, it really is that the CEOs feel entitled to your very existence and want to be able to monitor you 24/7 to make you’re really working
I suspect all large employers are being lent on by the banks and probably local governments, to prevent a real estate collapse.
I can guarantee 100% every CEO on the planet would love to offload the cost of providing office space to the employees themselves . No shadow of a doubt.
Yet as you observe, lots of CEOs are on this message now, that employees should come back to the office.
I’m open to other explanations, but that it is mine.
Zoning laws are perfectly fine to keep unused office space from being used as housing, it really is that the CEOs feel entitled to your very existence and want to be able to monitor you 24/7 to make you’re really working
Nah, I think you’re on target. Huge amount of money locked up in CRE