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[-] ArdMacha@lemmy.world 53 points 1 year ago

It isn't, it's all the office space they own, if people are allowed to keep working from home the retail office market will crash pretty hard.

[-] Wutangforemer@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

Few organizations own their own office space, most lease. So it's not so much "they", the CEOs that want you to return to work, but "they", the venture capitalists (whom the CEOs answer to). These investors have a stake not only in the organization, but separately have investments in commercial office real estate that they stand to lose money on if those leases aren't renewed.

[-] unfreeradical@lemmy.world 2 points 1 year ago

In principle, municipalities could gain control of the assets.

Little doubt, if a course were followed, the previous owners would be compensated at outrageously inflated prices, defended as rescuing the investors, but nevertheless, control by the public, in the sense of genuine control by the public rather than control by corporations pretending to be concerned for the public, could open pathways for many opportunities toward social interests.

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this post was submitted on 19 Oct 2023
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