There's more pain coming for residential and commercial real estate as tight credit and job worries threaten property markets

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real estate

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Office vacancy hits an all-time high despite more people returning to in-person work

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Empty office

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10 Things in Tech: Tesla teases a new cybertruck, Meta eyes hyper-targeted ads, and Google brings AI to search

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Thank goodness it's Thursday. I'm Diamond Naga Siu, and I miss working in offices: talking with colleagues, eating snacks, and taking in views.

But from a business perspective, these amenities aren't a priority anymore – not even in one of the top buildings in San Francisco.

Go check out this map that shows just how many vacant office buildings are in downtown San Francisco

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San Francisco.

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I work from home with my cat in my lap and once stayed off-camera in a video call so I could do a face mask. I don't feel I'm missing out on office life as a remote worker.

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A headshot of Dana Good standing in front of a white background.
Dana Good is a young professional whose first full-time job is remote, and she loves it.

Courtesy of Dana Good

Google reportedly eliminated some office snacks, including dried mangoes and M&Ms, in an effort to cut costs

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Google sign outside San Francisco office
A Google employee in the San Francisco office told The Atlantic that Google removed office snacks like dried mango, chips, and M&Ms.

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'Quiet rooms' are being built by companies to help employees relax and decompress on the clock

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A woman makes a phone call in a separate area that has been set up to allow for undisturbed phone calls and working, in the hallway of the coworking rooms.
Companies are adding more "quiet rooms" for employees to recharge.

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Apple emailed staff at 7 a.m. surveying them about hybrid work after threatening to discipline employees not going in 3 days a week

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Apple CEO Tim Cook speaks at an Apple event at their headquarters in Cupertino, California, U.S. September 10, 2019.
Apple CEO Tim Cook.

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Amazon CEO Andy Jassy says inventing and 'riffing' on ideas is easier if staff are back in the office

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Andy Jassy
Andy Jassy said working from home isn't "the best long-term approach" in a letter to shareholders Thursday.

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Most of Wall Street is panicking about commercial real estate – but Goldman Sachs says there's little chance it triggers a financial crisis

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Goldman Sachs
Office loan delinquencies could fuel the next stage of the US regional banking crisis, Goldman Sachs has warned.

Brendan McDermid/Reuters

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