joes

Commercial Real Estate Is Plunging

There are several pressures on Commercial Real Estate, most have been mentioned in other comments concerning the ripple effects of any downturn, less shoppers, less stores, less rent paying tenants, no money to the REITS.

The aspect that is new of course is the Internet, which combined with the shift to computer based service jobs makes working in an office very expensive as opposed to the price of a PC and a high speed connection.

There are six siblings in my family, three of us have been working from home for almost 10 years now, and I don't miss the office scene at all.