this post was submitted on 13 Jan 2024
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People keep talking about corporate real estate and how companies need ppl in offices or the value would crash. But wouldnt the company stand to benefit in the long run by just biting the bullet on the remainder of their lease, not renew, and go 100% remote? Or at least drastically downsize.
Would that not save millions in overhead, lease payments, etc into the future? Or do they have 30 year lease agreements or something?
They might own the building. They definitely have at least a 10 year lease, that's standard for commercial lease agreements.