Maybe we could stop spending money on offices then.
Maybe we could stop spending money on offices then.
https://fortune.com/2023/08/03/michael-bloomberg-billionaire-return-to-office-federal-agencies/
Empty offices are a problem that could result in another run on the banks, some economists have warned, with swaths of new office buildings financed on short-term loans with no leases taken out to pay for it. Morgan Stanley estimates that $1.5 trillion in commercial real estate loans are due to be repaid by 2025.
With 176 offices across the world—some of which cost more than $1 billion to build—it’s perhaps not a surprise that Bloomberg is keen to get his own staff back through the doors, a sentiment echoed by JPMorgan CEO Jamie Dimon.
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my favorite bit is the governments at all levels (from feds down to cities) whose climate plans include encouraging remote work to reduce GHG, VMT, congestion, etc., bringing their workers back to the office
great system we have here