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re: Another Biden success, Commercial real estate foreclosures jumped 117% in March

Posted on 4/19/24 at 10:35 am to
Posted by dakarx
Member since Sep 2018
7228 posts
Posted on 4/19/24 at 10:35 am to
COVID taught many companies that with the right people and tech in place 'work from home' can be as or more effective/productive as commercial office space. The technology needed to accomplish this is significantly cheaper, and by pushing the office space costs onto workers, they save even more. I'm sure the executives like their bottom line/bonuses staying fatter.

Many maintain data centers or have migrated to "the cloud" and keep little to no worker spaces, maybe hotseat a small cube farm for part time office stuff, and a conference room.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
432423 posts
Posted on 4/19/24 at 10:45 am to
Exactly. The market was trending this way and Covid basically accelerated it exponentially.
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