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US offices are sitting empty – business owners will have to adapt

theguardian.com

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Re: US offices are sitting empty – business owners will have to adapt

#121

Post by soupfordummies »

softwaredoug wrote: post #4

It’s weird going to downtown SF these days. Everyone seems from out of town. Or if they live nearby, just downtown for their teams onsite. It’s like a decrepit city district that exists for the sole purpose of flying people in to meet in person. Less a thriving center for tech. More a default place for leadership to get everyone together. Obviously the vicious cycle of nimbyism, lack of affordability, and homelessnes…

It’s crazy that now entire neighborhoods of skyscrapers are basically just glorified “wework” spaces now

Re: US offices are sitting empty – business owners will have to adapt

#122

Post by ImPostingOnHN »

latchkey wrote: post #120
ImPostingOnHN wrote: post #119

Earlier quoted context omitted.

in that case, the reason is that the owner failed to lower rent, declare bankruptcy, abandon the property, get foreclosed on, or sell the property let the owner rent it for a dollar a month and we'll see if it gets rented

You left out one other case... the owner wants a specific tenant or in the example that started this whole thread, a Chipotle.

who cares what the owner wants?

the owner probably wants a billion dollars and a pony, too, but what they can have are the options I listed

the reason they don't have tenants is because their asking rent is too high and demand is low

in capitalism, that means they should lower rent

Re: US offices are sitting empty – business owners will have to adapt

#123

Post by nkrisc »

phpisthebest wrote: post #99
nkrisc wrote: post #51

Earlier quoted context omitted.

No, but a restaurant and grocery store around the corner would nice.

Nope I prefer cheap food and a large selection at a Large Kroger or Walmart then expensive food and limited options from a corner NYC style "bodega" as do most people that live in the suburbs which is why suburbs are not "walk-able" because people leave the cities to escape walkablity I dont want to walk anywhere but from my front door to my car

> a Large Kroger or Walmart then expensive food and limited options from a corner NYC style "bodega"

There’s a lot in between those two extremes.

My favorite neighborhood I’ve lived in was on the Northside of Chicago where I had a medium-sized, independent grocery down the block on the local arterial road and a neighborhood of single family homes in the blocks surrounding it. The arterial roads have commerce, and the side streets have homes. You can walk, you can drive, take transit.

> I dont want to walk anywhere but from my front door to my car

I’m sorry for you.

Re: US offices are sitting empty – business owners will have to adapt

#124

Post by latchkey »

ImPostingOnHN wrote: post #122
latchkey wrote: post #120

Earlier quoted context omitted.

You left out one other case... the owner wants a specific tenant or in the example that started this whole thread, a Chipotle.

who cares what the owner wants? the owner probably wants a billion dollars and a pony, too, but what they can have are the options I listed the reason they don't have tenants is because their asking rent is too high and demand is low in capitalism, that means they should lower rent

One can surmise that the owner cares. As you say, capitalism.

Re: US offices are sitting empty – business owners will have to adapt

#125

Post by latchkey »

ImPostingOnHN wrote: post #122
latchkey wrote: post #120

Earlier quoted context omitted.

You left out one other case... the owner wants a specific tenant or in the example that started this whole thread, a Chipotle.

who cares what the owner wants? the owner probably wants a billion dollars and a pony, too, but what they can have are the options I listed the reason they don't have tenants is because their asking rent is too high and demand is low in capitalism, that means they should lower rent

One more reason I just came across for you... maybe nobody wants to open a store in Gotham City and no amount of free rent can convince them otherwise...

https://twitter.com/bett_yu/status/1685778275975761920

Re: US offices are sitting empty – business owners will have to adapt

#126

Post by ImPostingOnHN »

latchkey wrote: post #124
ImPostingOnHN wrote: post #122

Earlier quoted context omitted.

who cares what the owner wants? the owner probably wants a billion dollars and a pony, too, but what they can have are the options I listed the reason they don't have tenants is because their asking rent is too high and demand is low in capitalism, that means they should lower rent

One can surmise that the owner cares. As you say, capitalism.

and that's why commercial space is sitting vacant: the owners failed to price them properly

as I said: capitalism

Re: US offices are sitting empty – business owners will have to adapt

#127

Post by ImPostingOnHN »

latchkey wrote: post #125
ImPostingOnHN wrote: post #122

Earlier quoted context omitted.

who cares what the owner wants? the owner probably wants a billion dollars and a pony, too, but what they can have are the options I listed the reason they don't have tenants is because their asking rent is too high and demand is low in capitalism, that means they should lower rent

One more reason I just came across for you... maybe nobody wants to open a store in Gotham City and no amount of free rent can convince them otherwise... https://twitter.com/bett_yu/status/1685778275975761920

Not a very convincing hypothesis.

Re: US offices are sitting empty – business owners will have to adapt

#128

Post by latchkey »

ImPostingOnHN wrote: post #127
latchkey wrote: post #125

Earlier quoted context omitted.

One more reason I just came across for you... maybe nobody wants to open a store in Gotham City and no amount of free rent can convince them otherwise... https://twitter.com/bett_yu/status/1685778275975761920

Not a very convincing hypothesis.

Have you ever owned a retail business in Gotham City? I have and I would never do it again.

Re: US offices are sitting empty – business owners will have to adapt

#129

Post by ImPostingOnHN »

latchkey wrote: post #128
ImPostingOnHN wrote: post #127

Earlier quoted context omitted.

Not a very convincing hypothesis.

Have you ever owned a retail business in Gotham City? I have and I would never do it again.

still not a convincing hypothesis

instead of trying to make the conversation about me or you, and instead of citing maybe-true singular anecdotes which don't prove your case (that space is limited, and lowering rent won't increase rentors), try just presenting the aggregate data showing that commercial landlords en masse have lowered rent to a dollar and still have these vacancies

WAIT!!!

Wait.

I fear what you heard was, "argue about your anecdote some more", but what I said was, show us the data

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