‘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.

  • StereoTrespasser@lemmy.worldEnglish
    41·
    10 months ago

    It’s a solid solution only if someone ponies up the money to pay for the incredible effort it takes to convert an office building into residences. Waving your hands in the air and telling someone else to pay for it is not a good argument.