Comment on Why do people say that "return to office" is about raising commercial real estate prices?

<- View Parent
reddit_sux@lemmy.world ⁨8⁩ ⁨months⁩ ago

There are taxes, utilities which have to be paid just because one owns the property. Commercial taxes are many times 2-10 times more than residential.

Those who have bought it would rather use it bcoz no one is buying it.

Rental agreements are usually multi-year contracts with increasing rent. Breaking contracts are costlier than calling people back to the office.

source
Sort:hotnewtop