Re: I would hate to own commercial real estate
I was thinking about all this the other day and came to the same conclusion. However that was at a national level, I didn't know that rates were paid to the LA.
That said, I'd hope that a majority of former office workers working from home most if not all of the time would eventually result in less expenditure by councils on supporting the infrastructure that made all that unnecessary commuting possible. It's going to be an interesting few years to say the least.