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heard an interesting opinion yesterday......

toad67
While doing some painting yesterday, I heard an interesting opinion on the radio. I can't remember who it was from, but they thought that the value of commercial property will most likely drop when the dust settles from the kung flu. They figured that since so many people were working from home, businesses would most likely take that approach in the future, requiring them to need less actual office space. I thought it was an interesting perspective..
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13 comments

Date Votes
  • TrinityScrimshaw

    Very possible.


    The ”norm” is yet to be figured out, and it will not be back anywhere near normal till the quarantine is over.


    Trinity +++

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  • bpost
    I talked to my sons in Seattle.  The cost of office space in that zoo of a city is insane.  He and his wife are able to conduct business and do their jobs from their apartment.  My other son runs a development group of about forty people for Oracle.  He has been working from home for about six weeks, no issues code is being written, jobs being done on time.  So far the need to go to the office has not been an issue for them or their spouses.  They simply do not go in and find the hour plus commute to be a waste of time.  Home office work is the wave of the future as long as the demands on the internet can be supported and high speed interned gets to flyover states with enough capacity to meet the need.
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  • susie

    Son-in-law #2 is a mechanical engineer. He is working from home but still has to go in 1-2 times per week. The company for which he works also manufactures so he has to be physically present on occasion. #2 is the manager of a Pier 1 so she is home landscaping her yard. So I can see it being more prevalent for desk jobs, less so for the service industry.

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  • Rocky Raab
    There will also be a glut of business property due to businesses that won't re-open at all.
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  • Smitty500mag
    bpost said:
    I talked to my sons in Seattle.  The cost of office space in that zoo of a city is insane.  He and his wife are able to conduct business and do their jobs from their apartment.  My other son runs a development group of about forty people for Oracle.  He has been working from home for about six weeks, no issues code is being written, jobs being done on time. 
    My youngest son lives and works in the Seattle area also. They live in Everett and his office is in Redmond just north of Seattle. He's been working from his home for the past 5 or 6 weeks. He's a financial analyst for a large Japanese computer company and he's not had any problems doing his work from home. He really likes not having to fight the traffic to get to and from work. He said they are having a boom in sells. The sells of computers and computer games are going through the roof with all the people stuck at home. 

    Not only is the price of office space insane the price of houses are out of the world in the Seattle area also. 

    We thought about moving out there a couple of years ago so while we were there visiting our son we drove around looking at houses north of Seattle, something way out of town figuring we might find a good deal out in the country. Wrong! There are no good deals on property or houses anywhere close to Seattle. Our son and his wife lucked up and bought a house out there several years ago before the prices went completely insane. 


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  • chme
    I worked in a position where I was either in my office at the house, or on an airplane traveling somewhere.  Once you get the other members of the household to understand that you are not available to play, paint the kitchen, etc, it works out very well.  Especially when you get up in the morning, look out at the sleet coming down.  Get a cup of coffee and a muffin, get ready for your 30 second commute to the office.    
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  • sxsnuf

    I can see widespread telecommuting turning this country upside down. Unless you have a job that requires an occasional visit to the office, like Susie's son, why would you pay the price of living in, or near, a large metropolitan area?

    For the cost of a 2 bdrm condo in Seattle, you could have 5 bdrms, with a swimming pool, on acreage in W Texas.

    Until, of course, the cost in W Texas goes through the roof and it becomes cheaper to live in Seattle?

    Also, many of the higher paying jobs pay as well as they do because of the high housing costs in their zip code. If you don't have to live in that zip code, maybe those jobs won't pay as well?

    It will be interesting!

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  • KenK/84Bravo

    I agree Rocky. A lot of small businesses are going to take a major hit on this.

    Unfortunately an awful lot, are not going to come back from this.

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  • serf
     This is the tip of the iceberg for the new green deal.The service jobs are going to evaporate soon. Now maybe yard work will survive but the easy sit down jobs in a climate control environment are going to dwindle.Like maybe school teachers and use the Internet instead where one teacher can teach 10.000 at a time? You Think? Only furnish the new free 5g internet with laptops instead with no charge.Many Mothers would be out of a  job anyway. The jobs are not coming back like President Trump says it is in my opinion. A.I. manufacturing building machines making 3-d factories will the next boom for investors. Time to get in on the ground floor after the stock market crashes this year, is more like it.
                                                             serf
         Sarcasm can be deemed as rude. Consider alternative is what my politically correct A.I. spell checker is saying? Get a clue folks they are coming,the thinking machines are even here now teaching me how to write and think!

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  • spasmcreeksrun
    should be whole industries starting up taking back control of our country from chinee
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  • chiefr
    There has been an exodus from the big cities for some time now, political media does not report it.
    Working from home is presently a fraction of work today but the trend is increasing for administrative and clerical type work. There are still people who live in large cities and work from home.

    From a business perspective, it is expensive to operate from commercial property because commercial property costs more and just about everywhere commercial property is taxed as a much higher rate. Many cities have a city income tax as well. One can expect the taxation to escalate as long as big cities are controlled by DEMOCRATs...... and so continues the exodus.


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  • SW0320
    Rocky Raab said:
    There will also be a glut of business property due to businesses that won't re-open at all.
    That is the more likely scenario.  I have spoken with one of my friends who is a big commercial landlord, he said about 30% of his tenants did not pay April 1 rent.  The landlord expecting a worse percentage for May 1.
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  • zink
    I believe there will never be a "NORMAL"!!!
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