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.

  • @paintbucketholder
    23•1 year ago

    Having ten apartments on one floor requires less toilets and plumbing than having 100 people working on one floor.

    Installing a bathroom is easy. Installing ten bathrooms is easy.

    These buildings aren’t being converted because it’s impossible to do or because living conditions would be harsh if they were converted - these buildings aren’t being converted because people calling the shots don’t want to miss out on those fat profits they’re still hoping to make.

    • @MotoAsh
      4•1 year ago

      I agree. My comment was more to imply, “I don’t even care if they convert it, just let it happen.”

      Some buildings already have showers and shitty gyms, too. Some even have full kitchens already. Some are logistically fully livable as-is, maybe with with very minor tweaks and some compromises on living style.

      If some buildings are THAT close to fully usable, it’s obviously bullshit to say it’s not a viable solution. It wouldn’t solve all problems, but no solution solves all problems.

      (also it’s not like office buildings are fucking DESIGNED to be easily remodeled or something…)