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White-collar workers temporarily enjoyed unprecedented power during the pandemic to decide where and how they worked.

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[-] anonionfinelyminced@kbin.social 5 points 1 year ago

Agreed. #1 advice from anyone is "invest in real estate because it's the only thing they're not making any more of." So even if a huge corporation owns nothing and just rents every inch of office space, most likely their investment strategy includes commercial real estate.

Anecdotally, I happen to know of some people who threw a ton of money into local commercial buildings pre-pandemic, because that was the way the investor-class herd was going. These are people that I consider very wealthy, but are small potatoes compared to most of these big corporate CEO types. Now that they own all these buildings, they're squawking because they can't rent them.

this post was submitted on 28 Aug 2023
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