Financial Post – Empty office buildings becoming a national problem as vacancies hit 10-year high

\MARK POST #6552

http://business.financialpost.com/news/property-post/empty-office-buildings-becoming-national-problem

Poor economic performance, career uncertainty, wall street mess, high food prices, high cost of living, high utility prices and taxes.

But the PRIME REASON for high vacancy rates – HIGH SPEED INTERNET that makes it a much better economic model for corporations to OUTPLACE people(full, temp, contract, overseas) to work from home or some other connected mobile app.

PRIME OFFICE SPACE HAS A HIGH PREMIUM COST PER FOOTAGE AND IS PART & PARCEL OF THE OLD ECONOMIC MODELS OF THE SECOND WORLD WAR.

IF SPACE IS NEEDED – IT BECOMES A SHORT TERM SOLUTION. THE ROI IS JUST NOT WHAT IT USED TO BE.

REAL ESTATE MERGERS & ACQUISITIONS, SHIFT LOADING HORIZONTALLY INSTEAD OF VERTICALLY DISPLACES COSTS MORE EFFICIENTLY IN TIME THAN LONG TERM PROSPECTS SADDLED WITH HIGH LIABILITIES.

IT REALLY BECOMES A CRITICAL QUESTION OF TURTLE & HARE RACE.

HERE, THERE EVERYWHERE HAIR ON ENDS, IF YOU’RE NOT MOVING AT HARE SPEED, BURNT TOAST. NOTICED HOW THEY SHORTENED THE DAMN ELECTRICAL CORDS ON TOASTERS THESE DAYS ! WHAT USED TO BE 2 FEET OF CORD IS NOW REDUCED TO LESS THAN 1 FOOT.

PRETTY SOON THEY’LL BE WIRELESS TOASTERS – FOR THE MOBILE SET.

THEY JUST DON’T LAST LONG ENOUGH AFTER THE NUMBER OF BURNT TOAST IN THE NEWS.

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