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.

  • @shalafiEnglish
    17•7 months ago

    There are pros for working in the office. They don’t outweigh the cons, but let’s not pretend there are 0 benefits.

    I could see a day-a-week thing being positive, but why the hell would we pay for the real estate? Just can’t see it working out for a net positive.

    Maybe shared office space that’s network/security agnostic? We had a thing going like that in Seattle for a bit. Not sure how it worked on the ground, wasn’t there.

    • @[email protected]
      4•7 months ago

      There are coworking spaces that facilitate this quite well and they could absolutely be scaled up for mid to large organizations.

    • 𝕱𝖎𝖗𝖊𝖜𝖎𝖙𝖈𝖍
      1•7 months ago

      I do 3 days a week in the office, 2 from home which works pretty well for me. I do enjoy going to the office because it gives me an excuse to leave my miserable apartment. They also have snacks and such, and it’s easier to plan with colleagues over coffee than setting up a virtual meeting.

      But then I still get the benefits of wfh two days a week