[quote=deadzone]
Again, show me examples of large companies selling off all their office space and property and I’ll believe they are going fully remote permanently.[/quote]
Yesyesyes.
I have been surprised that commercial real estate has not hit a bigger downturn since the pandemic started. With more online shopping, I had expected to see more stores shut completely. And with more companies leaning in to wfh, I’d expected more offices to close permanently.
It also continues to surprise me to see rush hour as busy as it is (..at least anecdotally on the occasions when I find myself driving somewhere during those times.)
Actually, all this is anecdotal observation, as I haven’t seen much compelling data on commercial real estate that fits my previous (layman) expectations.
