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.

  • @[email protected]
    8•1 year ago

    I feel @glitches_brew is sooo close to getting orange pilled. While it’s not teleportation, we have the technology for high speed rail. Even my weekly commute of ~110km on conventional rail is about the same time as driving and I can get work done/watch videos/sleep instead of focusing on driving!

    • Semi-Hemi-Demigod
      4•1 year ago

      Most of the people I see commuting by car, at least in America, are also not focused on driving.

      • @CADmonkey
        3•1 year ago

        I ride a motorcycle and I can confirm.

      • @[email protected]
        2•1 year ago

        I saw someone eating a bowl of cereal in the driver seat a few days ago. It’s terrifying out there.

        • @[email protected]English
          1•1 year ago

          I’ll take that over the guy watching porn in stop and go traffic on a busy, high speed, narrow road outside Boston…