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The Remote-Work Revolution Has Wiped Out $453 Billion In Commercial Real Estate Value
Nation and State ^ | 12/08/2022 | Tyler Durden

Posted on 12/08/2022 9:28:44 PM PST by SeekAndFind

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1 posted on 12/08/2022 9:28:44 PM PST by SeekAndFind
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To: SeekAndFind

Capitalism is being destroyed, by design. Next up, the collapse of all real estate prices. Just wait for the boomers to start dying, and their heirs to finish blowing through whatever was left to them.


2 posted on 12/08/2022 9:33:59 PM PST by Golden Eagle (The LGBTQ indoctrination agenda is designed to outlaw the Bible, and anyone who follows it.)
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To: SeekAndFind

No longer needing space for offices and retail was easily predictable. Speeding up the process with a pandemic, not so easy to predict.

Even the need for housing space is shrinking. Young people seem to have little interest in “collectable stuff”. Just so they have a smart phone and internet.


3 posted on 12/08/2022 9:48:59 PM PST by pnut22
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To: SeekAndFind
The website in the OP takes its story (and links to) The Register.
4 posted on 12/08/2022 9:57:50 PM PST by Angelino97
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To: SeekAndFind

Well gee, just convert it all to “Loft space” and condos.
With communal bathrooms to make the neighbors feel cozy.


5 posted on 12/08/2022 10:07:06 PM PST by Ex gun maker. (Free thinking is now a radical concept, I will not be assimilated by PC or EV groupthink!)
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To: Golden Eagle
Just wait for the boomers to start dying, and their heirs to finish blowing through whatever was left to them.

Maybe in some cases. We have just one child (one heir), and he has built his own wealth. I'm sure that whatever we leave him will be put to good use.

6 posted on 12/08/2022 10:26:40 PM PST by rexthecat
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To: Golden Eagle

(Capitalism is being destroyed, by design)

Can’t have a New World Order with a sovereign United States of America. /shiny side out


7 posted on 12/08/2022 10:32:49 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: pnut22

Even without the scamdemic, the way technology was headed it was only a matter of time when It would become wasteful, zillions of wasted hours commuting, business clothes, baby sitters, tens of thousands wasted in fuel...All of this wasted time and money when 50 percent of the people could easily do it from home.


8 posted on 12/08/2022 10:35:08 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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Comment #9 Removed by Moderator

To: SeekAndFind

Blackstone will swoop in and grab these for a song, then convert them to rentals.


10 posted on 12/08/2022 10:52:31 PM PST by montag813
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To: SeekAndFind
1. Building owners will start demanding lower property taxes due to lower rental which means the building’s earning power is much lower. Government will be impacted.

2. The plan to convert these office buildings into residential property will be expensive and time consuming which will also impact the buildings value.

3. The rents from residential is about 40% lower than office rental rates. So the government will need to subsidize in order to make this plan work.

11 posted on 12/08/2022 11:04:35 PM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: Lockbox
. The plan to convert these office buildings into residential property will be expensive and time consuming which will also impact the buildings value,

From a "tax assessment to demand for public services" standpoint the "best" developments are:

1) "Light industrial"
2) "Heavy industrial" (only because of sophisticated fire response)
3) Commerical
4) Residential--irrespective of density.

12 posted on 12/08/2022 11:12:25 PM PST by lightman (I am a binary Trinitarian. Deal with it!)
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To: SeekAndFind; All

The statistics on Baltimore look bogus unless it includes Baltimore County and half of Howard County.


13 posted on 12/08/2022 11:27:31 PM PST by robowombat
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To: dragnet2

It’s about time government left DC— they can do it from home.


14 posted on 12/08/2022 11:30:21 PM PST by Irenic
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To: Lockbox; All

This is going to run headon into the ‘negro reparation’ taxes which are sure to come.


15 posted on 12/08/2022 11:30:38 PM PST by robowombat
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To: SeekAndFind

Convert them to re-education centers.

Large conference rooms for lectures. Communal bathrooms. Individual cubicles for application of the Ludovico technique.


16 posted on 12/08/2022 11:36:02 PM PST by P.O.E. (Pray for America.)
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To: Lockbox

“So the government will need to subsidize”

No, the government doesn’t “need” to do anything except stay out of the way.


17 posted on 12/08/2022 11:53:19 PM PST by Larry Lucido (Donate! Don't just post clickbait!)
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To: pnut22

Dunno where you got your “data” but it is false. Millennials are moving to the suburbs at the same rate as the previous generation. The suburbs have been the fastest growing regions since the recovery from the 2009 recession.


18 posted on 12/08/2022 11:54:38 PM PST by Vaden (Real conservatives will not allow our wagon to be hitched to fascist Russia)
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To: pnut22
Besides, when you're fighting terrorists in an office tower, it's better when several of the floors are empty and unfinished.


19 posted on 12/09/2022 12:00:02 AM PST by Larry Lucido (Donate! Don't just post clickbait!)
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To: dragnet2

Yeah I don’t really get this worship of a commute and brick and mortar workplace if it isn’t necessary.


20 posted on 12/09/2022 2:31:21 AM PST by jarwulf
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