Illustration: Shira Inbar

The Office Is Dead

Get ready for the commercial real estate apocalypse

Since the pandemic, Google’s parent company Alphabet pulled out of deals to acquire more than two million square feet of office space.

If, in the old world, an office was a form of corporate peacocking — a flashy location in some iconic building with a boutique-hotel level of design for clients, employees, customers, and investors — in the new world, it is becoming a very costly line item that could be reduced to the equivalent of a single flagship store.

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