SL Green Realty Corp (SLG) Social Stream
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CNBC just interviewed someone who stated a commercial real estate recovery will not be affected by a reduction in footprint despite work from home accomodations. I respectfully disagree with context of the statement. Commercial office space is more likely to have short term trough, dip, then resume upward trajectory. The reason is that eventually more and more companies will force their people to have true mobile work enivironments as has already been seen with many large tech companies, and professional services companies. Every company looks at the bottom line in the end! The strength of the economic recovery will spur new and growing companies to take up the forthcoming open office space and take prices to the eventual true leg up. $O $SLG $ESRT $BDNCapGainsTheory, published August 3, 2021
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