Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends.
I quit a job that was trying to force RTO to a new office that was half an hour away from the old one, had paid parking instead of free and then only had enough office space to house 2/3 of employees at any given moment. They literally told us that for all-hands meetings people were expected to come in and sit on the floor. Then I quit a different job that was trying to force RTO when they owned the nearest parking garage to the office. You might think “Well at least you won’t have to pay to park” but nope, they expected to juice every employee for $12-$18/day in parking.
I quit a job that was trying to force RTO to a new office that was half an hour away from the old one, had paid parking instead of free and then only had enough office space to house 2/3 of employees at any given moment. They literally told us that for all-hands meetings people were expected to come in and sit on the floor. Then I quit a different job that was trying to force RTO when they owned the nearest parking garage to the office. You might think “Well at least you won’t have to pay to park” but nope, they expected to juice every employee for $12-$18/day in parking.