Working from home could wipe $800 billion from office values globally | CNN Business
www.cnn.com
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.

  • @nillocEnglish
    1•6 months ago

    The internet largely killed high speed commercial flight.

    It should’ve kill the cubical a long time ago. But middle management culture is so entrenched it took a deadly highly contagious virus to kill it.

    Teleporting is just one small conceptual step beyond (and unlikely large technical leap) what we already have.