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123 sats \ 4 replies \ @Undisciplined 3 Sep \ parent \ on: Revaluation Of The Real Estate Sector Would Be Key To Social Stability econ
They're likely going to dump it as soon as their current contracts are up. It's also not just companies. A lot of the government workforce went remote during the pandemic and has remained that way, which led to an enormous amount of empty office space.
Both government and businesses with surplus office space have been scrambling to sublet and repurpose those spaces, because they're taking enormous budget hits every month.
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59 sats \ 0 replies \ @kepford 3 Sep
Exactly. Kinda blows my mind we haven't seen more from this already.
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38 sats \ 2 replies \ @Bell_curve 4 Sep
Are they permanently remote now?
I thought most were returning to the office, at least part time in the office
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51 sats \ 1 reply \ @kepford 4 Sep
Here's the deal. Many companies have made bold declarations about coming back to the office. Some are taking a hard line on it but many have folded to their employee's desire to work from home.
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68 sats \ 0 replies \ @Undisciplined 4 Sep
I can only really speak to what's going on with government economists, since I don't know anyone else who works for the government.
At least one agency in DC is making them go back to the office. Ironically, the agency I heard about had already gotten out of it's office lease, so they had to move into vacant office space well outside the city.
I know of at least one other agency that's remaining remote, while continuing to pay for an enormous amount of unused office space.
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