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.

  • @ChicoSuave
    16•6 months ago

    Sounds like the march of technology continues. When cars became common, did Big Horse whinny about it? When the printing press hit the scene, did we mourn for the loss of monk jobs? Why should we care about people caught holding the bag when we no longer need a building? That’s their gamble and they lost.

    • @[email protected]
      10•6 months ago

      That’s my favorite thing to bring up when gas driving people complain about electric cars not having enough infrastructure, etc to be feasable. Cars didn’t always exist fucko, all those gas stations weren’t always there. Give it a hot fucking second.

    • Flying Squid
      6•6 months ago

      When cars became common, did Big Horse whinny about it?

      There was no ‘big horse,’ but there was a lot of fearmongering about cars in regards to how they would take away jobs.

      When the printing press hit the scene, did we mourn for the loss of monk jobs?

      No, but the church tried to suppress it.

      Technology has always been opposed by those who it can replace. Sometimes for good reason. The luddites saw their jobs being replaced by machines that didn’t do a better job or even a faster job, only a cheaper one. And a more dangerous one. So they sabotaged the looms.

    • @[email protected]
      1•6 months ago

      Yeah but now we live in a world where corporations are better than people. Won’t anyone think of the poor corporations! Where’s their government handout!