‘Zombie Offices’ Spell Trouble for Some Banks
www.nytimes.com
Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.

This is the real reason for companies wanting people back to the office.

All this talk about collaboration and team spirit is just the publicly given reason for wanting people back to the office.

The real reason is that now the owners of the buildings are losing money.

Cry me a river.

  • c0c0c0@lemmy.worldEnglish
    183·
    11 months ago

    Turning office space into living space is often mentioned in discussions like this. It should be noted that converting the space is not as easy as it seems. In particular, moving the plumbing infrastructure to support individual bathrooms and kitchens is extremely challenging and it makes some projects impracticable.

    • AggressivelyPassive@feddit.deEnglish
      13·
      11 months ago

      Some.

      We’re not talking about total conversion of all office spaces. Even if just 5% of the vacant offices can be converted, that’s already 5% less office space to worry about. Let the market decide.

      • Aniki 🌱🌿@lemm.eeEnglish
        124·
        11 months ago

        It’s also not even a valid talking point. Sure, SOME work will need to be done, but office buildings are built to be modular by design, and are much easier to retrofit than these bloviating idiots online love to yap about without evidence. Buildings have plumbing and electricity for a number of people that will be vastly different than if it was apartments. Think about a bathroom with 10 stalls and 4 sinks being reduced to one with a shower.