21 sats \ 3 replies \ @Undisciplined 12 Feb \ parent \ on: Germany's Office Building Market Faces Steepest Decline in Two Decades econ
Are office buildings often in inconvenient locations in Germany? We discussed some of those other issues in the other thread, but American office buildings tend to occupy prime real estate. The remote work revolution is wrecking havoc on the businesses that used to rely on all those people working nearby.
Municipal industrial estates are generally planned outside the municipalities, especially in Germany, but this also applies to southern europe. we have our own infrastructure and are often located many kilometers outside. this means that additional infrastructure would have to be created for potential residents
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Interesting. That also probably means there would be limited residential demand for that real estate, right? Maybe it will just need to be demolished and turned into farms, similar to what's happening around Detroit after it collapsed.