‘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.

    • @whoelectroplateuntilEnglish
      5•5 months ago

      The pandemic triggering a cultural shift to WFH is a big part of the problems in the commercial real estate market. Basically, America becoming 10% more technologically sophisticated may have unhinged the financial system. Story about the impact of tech on society, I guess?

    • @[email protected]English
      4•5 months ago

      The logic seems to be, “if it impacts tech workers or people interested in tech in any way, it’s technology”.

    • 🇰 🔵 🇱 🇦 🇳 🇦 🇰 ℹ️English
      3•5 months ago

      All I can think about is that Ali G skit about how his friend “ain’t got no techmology” and the expert asks “does your friend live in a house? A house is technology.”

    • @[email protected]English
      2•5 months ago

      In a way it is. Modern office buildings are only possible due to technological advancement.