That makes no sense. Commercial landlords collect rent regardless of how often employees are on site.
The real reason for RTW policies is that companies want to downsize without firing workers (and thus without paying unemployment). Hence:
Amazon CEO Andy Jassy told staff they will need to be back in the office full-time, seemingly pushing 73% of his colleagues to consider quitting over the move
Stankey said 85% of them already lived near one of the offices. The remaining 15%, he said, will have to “make decisions that are appropriate to their lives.”
Two of my previous employers went out of business or are on their final thread and moved out to some small office somewhere. Those buildings have each been vacant for about 2 years now. Can’t collect rent if no tenants
Commercial landlords collect rent regardless of how often employees are on site.
When leases come up for renewal, rational companies look at how much space they actually need and downsize their office requirements accordingly. That’s more or less what my employer is doing now. We own a vast building, but now we’ve sublet about a third of it.
Doing the bidding of the commercial real estate industry, which is one layer below the banks in the layer cake
That makes no sense. Commercial landlords collect rent regardless of how often employees are on site.
The real reason for RTW policies is that companies want to downsize without firing workers (and thus without paying unemployment). Hence:
Two of my previous employers went out of business or are on their final thread and moved out to some small office somewhere. Those buildings have each been vacant for about 2 years now. Can’t collect rent if no tenants
Right, but if you have a tenant then you don’t care what their WFH policy is.
Oh yeah you do, since your revenue depends on how many asses they expect to be in those seats.
When leases come up for renewal, rational companies look at how much space they actually need and downsize their office requirements accordingly. That’s more or less what my employer is doing now. We own a vast building, but now we’ve sublet about a third of it.