https://www.washingtonpost.com/business/2020/08/12/rei-seattle-headquarters-commercial-real-est...

  • 12 August 2020
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https://www.washingtonpost.com/business/2020/08/12/rei-seattle-headquarters-commercial-real-estate/
I wonder if and when other large companies will also start downsizing their office space?



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If they aren't trying to sell it now, it's probably already too late.

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a developer or something will buy it, or maybe an even larger org will downsize to this haha

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true, I just meant for CRE in general.
If someone is buying, I expect they are buying low

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yeah one of our orgs was trying to lease their office space even before covid and now…. nope

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and thats a fairly small office

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yup.. I assume this will be similar to the aftermath of the housing crisis. rich get richer.

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@alexmcdonald agreed, those capital flush persons (1%'s) swoop in and buy space that in a certain economic climate sells for pennies on the dollar

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thinking of it like an ecosystem with different species, it’s actually remarkable how resilient it makes civilization

https://www.washingtonpost.com/business/2020/08/12/rei-seattle-headquarters-commercial-real-estate/
I wonder if and when other large companies will also start downsizing their office space?

 


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I do not think that is inevitable but with the situation of the housing market right now, I bet some small to medium sccale companies will downgrade. I just hope they are aware of or hire someone who knows real estate open house marketing or it is going to be a big blunder from their side.

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