Great Thought-Piece on The Future of CRE W/ Corona Implications
[{"id": "fxjxbzw", "text": "That last bit, about landlords getting into the business themselves, is one I've been wondering about for a while.  You see that with Ollie, a Tishman subsidiary, but I figure the big landlords are mostly going to at least consider that option.  \n\n\nI've seen the idea floating around that offices will have more space per worker, counteracting the trend from the last two decades.  But I gotta figure that goes hand-in-hand with workers coming in less often.  So those are two countervailing trends that might keep total occupied SF in the same range, but under both of those assumptions, you get a lot less productivity per square foot.  So are companies going to feel that paying up for the best space is still worth it?  More and better amenities and the view were wholly or partially recruiting tools, but the number one amenity for recruiting will probably be work from home.  So the office space becomes less important.  \n\n\nYou gotta figure rent and demand both get hit, and not just cyclically.  Office rent growth never really took off this cycle and this ain't gonna help.", "replies": [], "depth": 1}]