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

  • Alien Nathan Edward@lemm.ee
    24·
    1 year ago

    If businesses can run without $800 billion tied up in assets, not only should they, the market dictates that they have to. Sorry landlords, sucks to suck.