In 2011 Microsoft released Office 365, a cloud version of its highly profitable Office business software suite (comprising Word, Excel, PowerPoint, Outlook, and OneNote) that included services and features similar to those of Google Docs.
"The landlord has no motivation to do repairs when he could tear a building down and build a highly profitable office tower instead," says Adam Leitman Bailey, the lawyer for Crave Ceviche Bar.
A key factor has been the rising value of land for commercial use, which has made developers more willing to abandon housing schemes and turn sites over to more profitable office buildings, the research suggests.
The company is also yet to realize real revenues from its application suite, which is where it has set out to compete directly with Microsoft and their profitable Office suite of products.
Meanwhile, at Dunder Mifflin, a fretful Charles Miner (Idris Elba) announces that the Scranton branch, previously the company's most profitable office, has lost ten major clients to Michael's company.
Office software business, which is the company's most profitable part and provides more than 40% of the company's total revenue, according to several news reports.
In "Miracle on 34th Street," after Kris Kringle's lawyer reels off statistics about how profitable the Post Office is, the judge replies, "We're all gratified to know the Post Office is doing nicely".
Over the years, the lower-margin, less-profitable part of financial services — back offices, trading operations, mutual-fund management — has left expensive Manhattan in search of lower costs.
Since then, it has focused its efforts on the 26 most profitable countries, closing offices in 21 locations.
