Absolutely. Some tech companies -- like all companies-- have purchased real estate in flush times. Google owns plenty of office space in expensive areas like Palo Alto or Manhattan. Of course they want to keep getting value out of them.
It can be more complicated that that—take pride for example. Admitting you were wrong in buying that property in the first place is not a look that a company wants.
Comments
Absolutely. Some tech companies -- like all companies-- have purchased real estate in flush times. Google owns plenty of office space in expensive areas like Palo Alto or Manhattan. Of course they want to keep getting value out of them.
Well, in this case why won't they just sell it? I mean, if they don't need it now, they most likely won't need it in 5 years time...
It can be more complicated that that—take pride for example. Admitting you were wrong in buying that property in the first place is not a look that a company wants.