return2ozma@lemmy.world to News@lemmy.world · 9 months agoThird-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office valuesfortune.comexternal-linkmessage-square99fedilinkarrow-up1597arrow-down15
arrow-up1592arrow-down1external-linkThird-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office valuesfortune.comreturn2ozma@lemmy.world to News@lemmy.world · 9 months agomessage-square99fedilink
minus-squarecriticalthreshold@lemmy.worldlinkfedilinkEnglisharrow-up3·9 months agoRent is the primary factor for sure, but I think you’re downplaying the impact remote work has, and/or not realizing the demand from employees for remote work. Many are taking pay cuts if they can remote work, and that does affect the labor market.
Rent is the primary factor for sure, but I think you’re downplaying the impact remote work has, and/or not realizing the demand from employees for remote work. Many are taking pay cuts if they can remote work, and that does affect the labor market.