Re: If there is a way to revolutionize the commercial real estate business...
The worst have been retail space (retailers going bust everywhere), but office space providers have been hard-hit too.
This actually depends on where this is, and how desperately the local council is trying to destroy their town center.
Some councils are outright suicidal, sticking hugely high parking costs on their carparks, and then taxing the businesses in the town centre at a very high level, and then when businesses fold or relocate then they crank up the taxes yet higher to make up for lost revenue. Spot the problem.
Yet other councils are actually pretty well managed, encouraging relatively low costs on parking, reasonable tax rates and then using their tourism boards to put events on that draw people in to make more money for their businesses which encourages businesses to move to them, which means that they are presumably making quite reasonable amounts from their town center.
Some office providers are getting hit hard; some aren't. The business I worked for moved out of a lovely set of offices into a smaller and less gucci set of offices that cost just over one tenth of the amount and moved a rather large sum from "costs" to "profit". I suspect that the big office providers with the lovely marble columns etc are screaming blue murder, but the cheap and cheerful industrial unit providers are certainly doing rather better.
It's rather difficult to say that a sector is doing badly, parts are and parts aren't.
Biting the hand that feeds IT
