For the commercial real estate sector to embrace these responsibilities, we must do more than swap lightbulbs with LEDs. Genuine sustainability and corporate responsibility involve many intertwined influences.
The number of riders using the 59th Street stop has been declining for years now. Since 2014, it’s down more than 50 percent. The lockdowns, coupled with the unhurried return of office workers, only served to exacerbate that downturn.
Twitter will significantly decrease its corporate presence in San Francisco and is considering plans to shutter several other offices once leases expire.
As the larger tech sector has experienced a valuation reset, venture capital investors in proptech are taking a much more careful stance, wanting to see a clear path to profits.