New York City, San Francisco Bay Area are the big losers. The great 2020 exodus raises the question: Will the techies ever return?
Every city is confronted with dying malls and vacancy-pocked shopping districts. Is there a cure? No. The failing retailers were already on their way to the morgue. Is there a vaccine that will help? Yes.
We’ve lost half-dozen retailers — restaurants, clothing, massage… Tenants who in effect said, sue me, I’m taking a hike. And replacement shop tenants are just behind spotted owls on the endangered species list.
I asked top executives from three tech companies—with a hundred employees, with a thousand, and with many thousands—where they would put their next offices.
The elevator in a pandemic, and the accidental discovery that many businesses are 90% efficient with employees working from home.
As with the millions who subtract pounds and add inches to their dating site profiles, it’s very tempting to push values.
The fatal flaw of meal-delivery unicorns.
Strongest argument in favor of an air-walking economy is WeWork, Uber, Lyft, and other unicorns destined to never make a dime. Throwing billions of dollars at these losers is a recessionary harbinger.
Hundreds of millions of dollars in lost opportunities, bungled projects, and out-right featherbedding.
The practice of renegotiating rent is older than selling Thanksgiving turkeys as loss leaders, but there is a relatively new, ugly wrinkle to the game.