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re: Next ten years are going to be very dark.
Posted on 5/17/20 at 6:38 pm to Nephropidae
Posted on 5/17/20 at 6:38 pm to Nephropidae
Places more likely to get hit with vacancies are large office buildings, typically in high rent areas.
Think Manhattan, LA, Chicago, etc.
Restaurants may take a hit but not the level of hit that office space will take of companies decide that telecommuting is a feasible option.
Doesn’t mean there won’t be downstream effects as well. Lots of restaurants thrive on the lunch rush from large office buildings. If those go away, they better hope that either their delivery business picks up or that they are considered a desirable dinner spot.
Think Manhattan, LA, Chicago, etc.
Restaurants may take a hit but not the level of hit that office space will take of companies decide that telecommuting is a feasible option.
Doesn’t mean there won’t be downstream effects as well. Lots of restaurants thrive on the lunch rush from large office buildings. If those go away, they better hope that either their delivery business picks up or that they are considered a desirable dinner spot.
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