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The building i currently live in is a 20+ storey apartment block that was made out of a converted office building built in the 60s. Given the housing prices in [checks notes] cities, it feels like a wave of residentializing is on the horizon.
A lot of times office buildings will have one large bathroom per floor.
Earlier quoted context omitted.
No one is asking you to come into an office just to boost their landlord's property values. That would be a money losing proposition for the company.
This is a public discussion forum, not your living room.
What amazes me is that we didn't see a faster cratering in value in office space. On any given day in any capital city, perhaps 50% of office desks sit empty. Yet I can't buy an office building for cents on the dollar. Normally when supply far exceeds demand like this, companies owning those assets can't pay their bills, the building is sold, there are no buyers, auction prices crash, the crashing prices cause more c…
Earlier quoted context omitted.
Indeed they're not asking ...
If a company wants someone to come back to the office, it isn't for their landlord's property value. If they have lots of free space they can sublease it out, it doesn't make any sense to force people in to an office just to burn money and miss out on revenue.
The building i currently live in is a 20+ storey apartment block that was made out of a converted office building built in the 60s. Given the housing prices in [checks notes] cities, it feels like a wave of residentializing is on the horizon.
Not an expert but I've read it's not easy to add all the necessary plumbing to provide showers and toilets if you redistribute office space into apartments. A lot of times office buildings will have one large bathroom per floor.
Earlier quoted context omitted.
Indeed they're not asking ...
If a company wants someone to come back to the office, it isn't for their landlord's property value. If they have lots of free space they can sublease it out, it doesn't make any sense to force people in to an office just to burn money and miss out on revenue.
The building i currently live in is a 20+ storey apartment block that was made out of a converted office building built in the 60s. Given the housing prices in [checks notes] cities, it feels like a wave of residentializing is on the horizon.
Earlier quoted context omitted.
Indeed they're not asking ...
If a company wants someone to come back to the office, it isn't for their landlord's property value. If they have lots of free space they can sublease it out, it doesn't make any sense to force people in to an office just to burn money and miss out on revenue.
But I suspect this groupthink is not originating from individual companies.
The building i currently live in is a 20+ storey apartment block that was made out of a converted office building built in the 60s. Given the housing prices in [checks notes] cities, it feels like a wave of residentializing is on the horizon.
Earlier quoted context omitted.
Indeed they're not asking ...
If a company wants someone to come back to the office, it isn't for their landlord's property value. If they have lots of free space they can sublease it out, it doesn't make any sense to force people in to an office just to burn money and miss out on revenue.
Companies get tax breaks when opening offices and warehouses / factories from local authorities and landlords have quite the sway with the latter.