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this post was submitted on 30 Nov 2023
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You're just making stuff up. Commercial property values are dropping for a reason which is exactly why big corps are trying to reverse the trend of remote work. No will buy these buildings if everyone works remotely.
More importantly than that, these corps are getting a lot of pressure from local governments to bring people back because our stupid ass zoning laws in the US mean a lot of these areas are vacant, which is bad for the businesses around them.
I’m not making stuff up. I’m someone that is involved in these decisions at work.
In the case of my gig, San Francisco would like the industry back, and our landlord would like tenants back, but there isn’t much they can do to encourage or “pressure” us.
SF is trying to lure folks back by cracking down on the crime and homelessness that has filled the void. And landlords are experimenting with even fancier office amenities.
At the end of the day, that stuff is a blip on the radar compared to the prominence of the sunk cost fallacy, micromanagers wanting to micromanage, or product / design teams wanting all their partners freely available at any waking moment.