This is an interesting story. With simple supply and demand, we have massive oversupply for office real estate and significantly reduced demand - prices should drop, right?

Except we have the bag holders, the landlords who retained leases and the banks who own the mortgages, they are going to fight tooth and nail to maintain the value of their assets, and they have deep pockets.

I've seen one story where the writer made the argument that this is why we've been seeing "you must return to the office" stories - big business must have line go up, line must never go down.

We'll see what happens but I sure hope there are no government bail-outs for this sector. Investment involves the risk of the asset depreciating.