The research firm’s top property economist likens the decline in office demand to what malls have experienced over the last six years—and sees a similar outcome.

  • kestrel7@kbin.social
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    1 year ago

    Some countries have actually legalized squatting in certain situations (like if a building is long term empty) to put some fire under the landlord’s ass to either find a paying tenant or sell. And honestly I think it’s an inelegant but effective solution.

    It’s not productive to have real estate units sitting empty in the middle of the city and we simply shouldn’t allow it.