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!



Empowering Through Connection: Vogel’s Pyramid Model Approach
July 19, 2024

Mission and Impact: Vogel Alcove, a nonprofit in Dallas, helps homeless children and families through various programs and services. Pyramid Model Framework: Vogel uses the Pyramid Model, an evidence-based framework for promoting young children’s social-emotional development with universal supports, targeted supports, and intensive interventions. Nurturing Relationships and Supportive Environments: Vogel focuses on building nurturing…

Read More
MedPAC’s Miss on Reality of Home Health Financial Reality Results in Suggested Cut in 2025 Proposed Rule
July 19, 2024

The March 2024 MedPAC report recommending a 7% payment reduction for home health agencies in 2025 has sparked significant concern within the industry. Why is this recommendation being met with such resistance, and what does the financial reality of home health agencies look like in contrast to these federal suggestions? Are the MedPAC recommendations…

Read More
baseball game
Sixth Inning- What are the Stages Where Your Business Takes Place?
July 18, 2024

When you think of a baseball game, you might picture the crack of the bat or the roar of the crowd as a home run sails over the outfield fence. But for the Savannah Bananas, the game is just one part of the spectacle. Jesse Cole, the mastermind behind this innovative team, shares how…

Read More
skilled trades career
A Skilled Trades Career Provides a Future-Proof Path
July 18, 2024

In today’s rapidly changing job market, a skilled trades career offers a viable and attractive option, especially for the younger generations exploring alternatives to traditional college education. Recent trends indicate a significant shift in interest in these hands-on professions. On Straight Outta Crumpton, host Greg Crumpton engages in a lively conversation with Nicole Bass,…

Read More