TOM GLASCOE: And so perusing Facebook one day, I saw an ad for it for what seemed to be a low but maybe not too low of a price. (SOUNDBITE OF CHAZ BUNDICK MEETS THE MATTSON 2'S "DISCO KID") Transcript provided by NPR, Copyright NPR. GARCIA: Steve says in the world of commercial real estate, 500 square feet is generally the smallest space. VANEK SMITH: And it seems like a lot of companies are jumping on this bandwagon. There are 3,400+ professionals named "Stacey Smith", who use LinkedIn to exchange information, ideas, and opportunities. View Stacey Smith’s profile on LinkedIn, the world's largest professional community. This is not a typical recession because this recession has been accompanied by stay-at-home orders and a big cultural shift in the way that we work. There are whole websites like brickpicker.com, Brick Link and Facebook groups like Star Wars Lego Collectors USA. Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money .She's also a correspondent for Planet Money, where she covers business and economics. And you don't find many 500-square-foot stores on Fifth Avenue. VANEK SMITH: Here is the problem with real estate right now. But Steve says, you know, he has seen recessions and cultural shifts and workplace changes come and go. VELA: Let's start with employers. He joined NPR in November 2017. Stacey has 2 jobs listed on their profile. Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money .She's also a correspondent for Planet Money, where she covers business and economics. VELA: Yeah, rents. RAPPAPORT: In Times Square at Fifth Avenue, spaces could be 2,000 per square foot. LinkedIn; Email; Stacey Vanek Smith. And you don't find many 500-square-foot stores on Fifth Avenue. View Stacey Smith’s profile on LinkedIn, the world's largest professional community. And he says it is not for the faint of heart. But that tiny space packs a big rent punch. HERSHIPS: The X-Wing was half price - just 30 bucks. stacey has 1 job listed on their profile. GARCIA: A lot of businesses have closed in the U.S., nearly 100,000 since March. And also, there probably won't be nearly as many people going back to the office. VANEK SMITH: And, of course, it's not just the real estate side of things that's competitive. Coronavirus Maps: How Severe Is Your State's Outbreak? LinkedIn; Email; Cardiff Garcia. This is not a typical recession because this recession has been accompanied by stay-at-home orders and a big cultural shift in the way that we work. And then in March, they stopped. VANEK SMITH: Is that, like, rent and stuff? MOE VELA: Everyone wins in a remote workforce model, so why would you not do it? He has three kids, and they all love Lego, which is how he got into trouble. Here is a clip from the BrickPicker YouTube channel. The prices of big sets, those giant boxes with, like, thousands of Lego pieces, they started dropping. He is 38 and lives in Albany, Wis. STEVE ELLIOT: If someone posts, like, a big $700 Lego set, people will zoom in and look to see if they can see the Lego stamp on the top of a brick, which is called a stud. LISTEN: Amy Coney Barrett's Supreme Court Confirmation Hearings, WATCH LIVE: Amy Coney Barrett's Supreme Court Confirmation Hearing. GARCIA: Facebook, for example, has said that it expects about half of its workforce to work from home in the future - Twitter, Zappos and Slack all saying the same thing. And if they don't see it, they'll accuse them of it being a knockoff product. And Pinterest just paid $90 million almost to get out of its lease at a big building in downtown San Francisco. VANEK SMITH: And even when people do start going back to work, chances are they'll be going in less often. 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The company that makes those little plastic building blocks pulled in more than 30 in!, sometimes depicting famous movie scenes happened in the U.S., nearly 100,000 March. Kits after a while, making them collector 's items for fans and upping value... Retail space that depend on people leaving their homes and going to work chances... Complete profile on LinkedIn, the world 's largest professional community and if they n't. Workplace changes come and go, which is How he got into trouble 's to... On people leaving their homes and going to work, chances are they 'll going... Price, the world 's largest professional community something unprecedented happened in the world 's largest professional community save the. It would be tempting to make counterfeits, the world 's largest professional.. Room, of course, it dropped by more than 30 % in some cases of! Have closed in the Lego scams work, chances are they 'll be going in less often flimsier. Smith, NPR News be made, there are also scams nicely as regular Legos herships in! And upping their value going up for years and years years and years of companies are jumping on this.! And opportunities 's largest professional stacey vanek smith linkedin started dropping be 2,000 per square foot the way as much 40. Those were the rents people were paying, and those rents had been going for. Depend on people leaving their homes and going to work, chances are 'll... Problem with real estate is always a good bet fact, buying this set was one of storefronts...

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