[HOT AIR] The pandemic work-from-home era may have started the demise of the city office space, but the Biden administration’s spending spree is surely going to finish it off with its resultant inflation and shaky response to a teetering banking system.
Where the trend for decades had been building bigger, glitzier office spaces, sub-leasing the excess to smaller outfits wanting that address near the action, and investors threw money at all of it — the firms building and the firms occupying — now the reverse is true. And there’s a whole lot of shakin’ goin’ on. |