Google is chump change to the global commercial RE market.
I’ve worked with/on dozen or so executive teams, public and private, bought sold RE and leased/renewed RE at most of them. Nobody cares about the landlords or the shareholders of those companies. It’s actually an adversarial relationship just like most tenant/landlord relationships. Each party is looking out for themself.
The math makes no difference when all you care about is yourself. The executives are wanting RTO because they feel like that’s what’s in their company’s best interest. I’m not buying into the grand conspiracy theory that’s floating around.
You can maybe make the argument that regional banks want people back in the office because they have self interest in commercial real estate as a whole but outside that the argument is brain dead stupid IMO.
To me, it is all so simple. Does the micro manager to a fault know they are a micro manager? Of course they do but they can't help it. It is strategic and a trade off. It is the same exact thought process but just applied at the company level.
I’ve worked with/on dozen or so executive teams, public and private, bought sold RE and leased/renewed RE at most of them. Nobody cares about the landlords or the shareholders of those companies. It’s actually an adversarial relationship just like most tenant/landlord relationships. Each party is looking out for themself.
The math makes no difference when all you care about is yourself. The executives are wanting RTO because they feel like that’s what’s in their company’s best interest. I’m not buying into the grand conspiracy theory that’s floating around.