Re Blackstone that is the problem with treating real estate as a tradeable item …..it ain’t…it’s either great or quite…but when it goes South, nothing moves……
That said WFH is gonna have some serious impacts….I read HSBC in it’s London HQ, has 10 of it’s 45 stories locked up and is looking to move into smaller building of 40 % or less than the current one and that is down to WFH.