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Perhaps Remote Work Has A Huge Positive Impact On Corporate Earnings?

Dec 6, 2022 | Posted by Jeff Weil | Accounting, Califorina Business, California Economics, Commercial Financing, Commercial Real Estate, National Economu, Newsletter, Office Space, Pandemic, Real Estate Landlords, The Office Market, Tips for Tenants, Trends, Trends for Office Tenants, U.S. Economics, Working From Home, Workspace |

In The SFRegistry December 2, 2022, Marc Benioff, founder and CEO of Salesforce said this: “There’s a lot of things pre-pandemic that we had in our company that are expenses that we don’t need post-pandemic,” Benioff stated. “So before the pandemic, the percentage of remote workers for Salesforce was approximately 20 percent. For other companies now, we’re seeing that normalize at somewhere around 50 percent even with mandatory workdays.” At the end of 2019 top-line revenue was $13.2 billion, going to 17.1 billion in 2020, then $21.3 billion in 2021, $26.5 billion end of January 2022, and  ‘the trailing 12 months of this year brought in $29.3 billion.”  What if, just what if, corporate executives got their way and were able to get most or all of their employees back in the office and then sales fell?

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Jeffrey Weil, CCIM, MCR.h, SIOR

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  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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