Working from home could wipe $800 billion from office values globally
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Working from home could wipe $800 billion from office values globally | CNN Business
https://www.cnn.com/2023/07/13/investing/remote-work-impact-real-estate/index.html
Remote work risks wiping $800 billion from the value of office buildings in major cities worldwide by 2030 as the post-pandemic trend pushes up office vacancy rates and drives down rents, according to a new report.
McKinsey said cities could adapt to the declining demand for office space by “taking a hybrid approach themselves,” developing multi-use office and retail space and constructing buildings that can be easily adapted to serve different purposes.