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This is just idle speculation.
I don't think retail real estate is as dead as office space.
People WANT to shop in person, want to eat out, want wander the mall etc.
Retail is a no-moat/low moat. When a business folds someone fills the gap.
I don't think retail real estate is as dead as office space.
People WANT to shop in person, want to eat out, want wander the mall etc.
Retail is a no-moat/low moat. When a business folds someone fills the gap.
If population doesn't move then that population will still need some level of retail for needs/services. That seems pretty stable.
But office... people saying that they can't wait to get back to a cube farm are a tiny minority.
But office... people saying that they can't wait to get back to a cube farm are a tiny minority.
I keep hearing "I really like WFH, the flexibility is great, I hope this lasts forever."
Obviously some jobs you can't. But even my Dr neighbor is taking most visits virtually now. He hits up the office a day or two a week vs four days previously.
Obviously some jobs you can't. But even my Dr neighbor is taking most visits virtually now. He hits up the office a day or two a week vs four days previously.
At this point it's a question of what changes are going to stick.
Seems like the office stuff might have staying power.
Of course I'm biased, I've WFH for 10yrs and love it. But I'm also highly self motivated.
Seems like the office stuff might have staying power.
Of course I'm biased, I've WFH for 10yrs and love it. But I'm also highly self motivated.
One other aspect to this. I've worked (in an office) for large geographic diverse companies. In most cases it was no different than working remote. My team would be in multiple states and in most cases I'd never meet them.
Managers were remote as well, worked fine.
Managers were remote as well, worked fine.
Really paradigm changing if this has staying power.
