10-02-2020, 10:50 AM
(10-02-2020, 10:20 AM)Momo26 Wrote: https://www.therecord.com/business/real-...space.html
Watch others do the same ofc...what does this mean: commercial building owners suffer and small company's namely food and retail around these traditionally medium large to large employers suffer horrendously.
What other ripple effect does this have? In a region that was fueled by tech growth on the premise that people needed to MOVE here to take these jobs, does KWs digital renaissance come to a screetching halt?
Not all companies will do this, but some certainly will. That will reduce the demand for office space, which should in turn reduce the lease rates. Some other companies might decide to lease more space rather than less (since it will be more affordable) and better enable distancing. Maybe.
The other impact is primarily on the lunch and coffee business. But many of the bigger tech companies provide in-house coffee and lunches, so the impact may be more on the catering business than on the actual restaurants. Maybe.
Really, this hasn't happened before, so it's hard to know what the impact will be.