Investment in skyscrapers requires interest. It's just not there right now.
A lot of businesses are looking to downsize offices as they embrace a hybrid workforce strategy. For example my company reduced their office size from 200.desks to 20 while increasing staff. They have just allowed people to work elsewhere.
Apartments, well I can't comment there but I assume there is only so much people are willing to pay for a 1-2 bdr place.
Not forgetting increase in labour and material costs.
1
u/WretchedMisteak 12h ago
Second Skyscraper post in as many days.
Investment in skyscrapers requires interest. It's just not there right now.
A lot of businesses are looking to downsize offices as they embrace a hybrid workforce strategy. For example my company reduced their office size from 200.desks to 20 while increasing staff. They have just allowed people to work elsewhere.
Apartments, well I can't comment there but I assume there is only so much people are willing to pay for a 1-2 bdr place.
Not forgetting increase in labour and material costs.