Large Companies Dumping Real Estate as Remote Work Inflates Bottom Line

 
Many large companies across the U.S. are selling back their Real Estate options as remote work becomes more profitable and the recession looms. Companies that were once buying up office space in cities from New York to San Francisco, are now doing anything they can to make that money back and wiggle out of leases.

Eddie Martini, Real Estate Investment Advisor for Propertycashin, says that businesses are now seeing the lacking need for large expensive office spaces especially with the popularity of remote work. By giving these up and finding alternatives they’re only fattening the bottom line.

Eddie’s Thoughts:

“You’ve been paying attention to what many large corporations have been doing these past couple of months, you’re starting to notice a trend that they’re down scaling their real estate holdings. I believe that’s largely due to their lack of confidence and where the economy is headed in the near future.

I think everyone right now, especially these large corporations who do have the budgets to put into research and development, and seeing what trends are ahead of us; they’re able to have a lot more foresight than many of us do with less means. So, when they start seeing trends head in certain direct, they’re gonna definitely take action.

That’s exactly what we’re seeing right now. The action that they’re taking is to downsize as much as possible. Basically, an old saying would be, trim the fat, and they are going to see what they can do to lesser that overhead, lessen the carrying costs that they have currently, and see if they can still stay operational.”

Written by Michael Boyer

Follow us on social media for the latest updates in B2B!

Image

Latest

HVAC
Turning a Career Pivot into Award-Winning Success in the HVAC Industry with Chloe Glynn
July 8, 2025

Breaking into a technical field of industrial sales without prior experience is a huge challenge. But someone like Chloe Glynn achieved such a feat and turned an accidental career pivot into an award-winning profession. As many industries continue to shift towards relationship-driven sales strategies, Glynn’s journey offers a blueprint for success in a…

Read More
speaking up
The Power of Speaking Up: Building Your Voice into Your Professional Equity
July 8, 2025

If you want to raise your PQ, learn to speak up! In this episode of Professional Quotient (PQ): Conversations that Build Equity, host Jason Winningham, Founder and Principal Consultant of Professional Quotient, sits down with Lauren Sanchez, Chief Operating Officer at Semper Mind. Lauren reflects on her journey from feeling like a “baby deer”…

Read More
automation
Revolutionizing Revenue Cycle Management: The Power of AI & Automation
July 7, 2025

Amid a rapidly evolving tech landscape, decision-makers need to navigate new AI-driven solutions addressing industry-specific hurdles. This session, recorded at the HFMA 2025 show, sheds light on how leaders are using pioneering automation technologies to stay competitive and efficient.

Read More
Portable AV system
AV Anywhere: Portable AV Systems Are Now Essential for Mission-Critical Response in Unpredictable, Connectivity-Challenged Environments
July 7, 2025

In crisis scenarios, portable AV systems must perform under pressure because failure is not an option. As Keysight Technologies notes, the evolution of mission-critical communications now depends on low-latency, mobile-ready platforms that can operate reliably in unstable, infrastructure-poor conditions, making portable AV systems essential for real-time response and public safety operations. These are the…

Read More