Comment on PLEAAASSEE PLEASE COME BACK TO THE OFFICE PLS
new_acct_who_dis@lemmy.world 10 months agoJust saw that I have responses to things! New Sync user, don’t mind me.
Looks like you got your sources, but wanted to address major companies and real estate. Commercial real estate has way longer leases than residential. And their landlords don’t have any incentive to let them break lease early. Who else is going to come rent that space?
Of course these companies want to “make use” of those wasted dollars. Even major companies aren’t immune to sunk cost fallacy.
HobbitFoot@thelemmy.club 10 months ago
Corporate leases are longer than residential ones, but they only go for 3 to 5 years generally. We are seeing a shrinking of leases because of this, which is causing office occupancy rates to plummet. We’re seeing companies shift to a hybrid model, but few companies seem to want to go full remote.