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.

  • @michaelmroseEnglish
    8•1 year ago

    Working from home could create massive value for people that matter while forcing a bunch of people who don’t matter to accept lesser status symbol items like smaller yachts and less splendorous vacations that they wont be able to feel as proud as they are bragging to their friends.