Really a marker that we are at an end of an era of excess — glad that I got to enjoy the ride of other people’s money, even if only in a slight way.
Really a marker that we are at an end of an era of excess — glad that I got to enjoy the ride of other people’s money, even if only in a slight way.
There are some that are always a little sparse to be sure, like the Navy Yard in Brooklyn, but I’ve been to 75+ in the past year or so in 5 different countries and for the most part they are well used and the permanent office parts are really full.
Not saying it’s financially sound but the core product is real.
If I had to guess I would assume the issue is spending from boom times and debt. Theres an actual business there too.
The Portland location I go to has been packed as a result.
Even their EBITDA is negative, so debt is not the (only) issue. Perhaps they have locked themselves into long-term overpriced rental agreements?