Nailed it. If you aren’t working onsite then they can’t write off the asset. This leaves businesses holding an expensive depreciating asset that highly impacts the balance sheet. Solution? Force people back to the office to get that sweet, sweet write-off.
Because commercial real estate is suffering. Got to pump the usage rates and occupancy numbers so the REITs can be rated AAA for investors!!1
Nailed it. If you aren’t working onsite then they can’t write off the asset. This leaves businesses holding an expensive depreciating asset that highly impacts the balance sheet. Solution? Force people back to the office to get that sweet, sweet write-off.