I know that’s probably the right answer. But it’s also… something-something… optics and feels, or something else in the headspace of those in charge?
Why? As tenants they’re still paying for electricity, A/C, heat, insurance, security, and office staff. And all that gets replaced with a beefier VPN and Zoom/Teams/Slack subscription, which a lot of businesses already had back in 2019. So, paying the remainder of the lease and having everyone work from home would still save money. Plus, I bet it would be possible to pay a reduced amount up-front in order to break the lease (say 75% of the remaining months), just so the building owner could (potentially) rent the space to someone else and double-dip. The fact that this isn’t the math everyone is doing, just plain stinks.
I know that’s probably the right answer. But it’s also… something-something… optics and feels, or something else in the headspace of those in charge?
Why? As tenants they’re still paying for electricity, A/C, heat, insurance, security, and office staff. And all that gets replaced with a beefier VPN and Zoom/Teams/Slack subscription, which a lot of businesses already had back in 2019. So, paying the remainder of the lease and having everyone work from home would still save money. Plus, I bet it would be possible to pay a reduced amount up-front in order to break the lease (say 75% of the remaining months), just so the building owner could (potentially) rent the space to someone else and double-dip. The fact that this isn’t the math everyone is doing, just plain stinks.
You’re not thinking 1 quarter at a time.