Companies are shedding office space — and it may be killing small businesses
Companies are shedding office space — and it may be killing small businesses | Georgia Public Broadcasting Skip to main content Source link
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WFH Federal Employees Have Republicans, Some Dems Demanding Return to Office
Pedestrians are sparse on downtown Washington’s once-bustling sidewalks. Storefronts are papered over with for-lease signs and light streams through vacant floors of glass office towers. The capital city’s main business district has long relied on the steady work of governing to survive economic downturns. Now it remains strangely desolate and depopulated long after pandemic lockdowns ended.…
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Work From Home, High Interest Rates Put $92 Billion in Office Mortgages at Risk
A Pacific Investment Management Co. office landlord that defaulted on $1.7 billion of mortgage notes sent shockwaves through a troubled part of the real estate market. For years, property owners have been grappling with the rise of remote work — a problem so large that one brokerage estimates roughly 330 million square feet (31 million square meters) of…
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