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.

  • nicetriangle
    24•1 year ago

    That’s right all the money and time we’ve all spent on commutes was a subsidy for commercial real estate out of our pockets.

    • billwashereEnglish
      4•1 year ago

      I never thought about that way …. but yes that makes total sense.