My guess is mostly everyone was remote…and who really wants to work in Enfield.
Yankee Candle just announced the same thing. They about 30 miles up the road. They are closing their “corporate” office and moving it to conglomerate headquarters.
Remote work is bad for commercial real estate.
“Remote work is bad for commercial real estate.”
Good point.
The “elephant in the room” for CT is Travelers.
Their corporate HQ is now in MN and they have thousands and thousands of CT employees in a business where almost everything can be done remotely if senior management in MN want to go there.
I am amazed they have continued to maintain all their expensive real estate in Hartford—it is like throwing cash out the window.