I see this everywhere but I can't see how it's true.
I'm guessing that a company's largest expenses are (probably in order, too): People, Technology, Office space.
Most companies, especially smaller companies, do not actually own the office space they are in, they lease it. Commercial real estate crashing would greatly reduce one of their top 3 expenses... how is that bad for the bottom line?
Yeah exactly. If they signed a multi-year lease, they are still on the hook for the same amount of money but the space won't be used. It might feel bad but it was already budgeted for.
MSM|3 years ago
I'm guessing that a company's largest expenses are (probably in order, too): People, Technology, Office space.
Most companies, especially smaller companies, do not actually own the office space they are in, they lease it. Commercial real estate crashing would greatly reduce one of their top 3 expenses... how is that bad for the bottom line?
crent|3 years ago