Commercial real estate values are sliding as an economic downturn reduces demand for space among cost-conscious companies, whose employees have been spending fewer days in the office since the COVID-19 pandemic."Office buildings need to be converted to residential," said Howard Lutnick, chairman and CEO of New York-based investment firm Cantor Fitzgerald, during a panel discussion. "They will become eyesores and they need to be fixed.
Millions of workers were forced to work from home during lockdowns aimed at stalling the spread of COVID-19 in 2020. Bosses are now struggling to persuade many of those staff to give up the perks of home-working, Ulbrich added.
Good idea?
There is not a housing crisis there is a large corporation fake inflation crisis. There are roughly 28 homes for every homeless person available, we are at pre-pandemic levels of unemployment, yet inflation on most products is at or above 6%, nearly double expected average.
Yes
Use the Davos members private jets as homes for the peasants...