We must pivot and we are starting to. AI will speed office abandonments and CRE conversions. Adapt or perish.
"Turning office buildings into apartments is how California eases the housing crisis"
https://www.latimes.com/opinion/story/2023-06-25/editorial-turning-office-buildings-into-apartments-is-how-california-eases-the-housing-crisis
...which people are bailing out of in droves.
@spk+1niNMpki this is happening in Dallas too. It not only makes good business sense but it helps ease the housing crisis.
Aww, how cute. Someone posting on an anonymous rumor mill tried to dunk on the 5th largest economy on the planet.
Bless your heart.
Ah yes. The California business model. Every should fall in line with California. Just a wonderfully run state
100% going backwards into the office does nothing but keep the wheels of state sponsored corporate charity moving. Wells Fargo (as well as other financial companies) get insane tax breaks from state and local municipalities to office or headquarter in their cities and states. Those tax breaks ultimately trickle up in the form of increased executive executive and CEO compensation, not down to the rank and file to offset inflation and cost of living.
Work from home is ultimately a genie that can’t be put back in the bottle. All of the posturing pre Covid dissolved when what we were told wasn’t possible became possible overnight. Regardless of the amount of gaslighting about “collaboration”, at the end of the day it’s about leveraging toxic corporate real estate that’s outlived it’s usefulness in the modern world. RTO, and office work in general, belongs in a museum along with the stuffed shirts that refuse to admit that it’s had it’s day. Evolve or be left behind.🤷🏻