A new survey shows that the vast majority of senior executives say would’ve approached their return-to-work push “differently.”
A new survey shows that the vast majority of senior executives say would’ve approached their return-to-work push “differently.”
There’s a really simple one. All the VCs and funders have been double dipping in REIT and in business real estate holdings. They sit on the boards of companies with no interest in maintaining offices, but have financial backers who veto those decisions.
The language and excuses are all a smoke screen, it’s to give them time to get out of commercial real estate without crashing the market.
Just before the pandemic the LARGEST commercial leases EVER were being signed in SFO and NYC… those same interests are just one giant ouroboros of funding and they saw their margins dwindling in their real holdings.
Blackrock is the most obvious, but there are lots of board level holdings in the same situation, they’re of course going to advise and demand that the commercial real estate be maintained… They may even be able to get a discount on next lease… just gotta be nice and keep paying those bills!