@return2ozma to News • 1 year agoThird-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office valuesfortune.commessage-square99arrow-up1600arrow-down15
arrow-up1595arrow-down1external-linkThird-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office valuesfortune.com@return2ozma to News • 1 year agomessage-square99
minus-square@criticalthresholdlinkEnglish3•1 year agoRent is the primary factor for sure, but I think you’re downplaying the impact remote work has, and/or not realizing the demand from employees for remote work. Many are taking pay cuts if they can remote work, and that does affect the labor market.
Rent is the primary factor for sure, but I think you’re downplaying the impact remote work has, and/or not realizing the demand from employees for remote work. Many are taking pay cuts if they can remote work, and that does affect the labor market.