Working from home could wipe $800 billion from office values globally | CNN Business
www.cnn.com
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]English
    11•1 year ago

    Just because the boss can’t spy on their employees

    Even this is no longer a valid justification. Activity monitoring software installed on companay provided computing devices used by remote employees has been around for a while and is gaining in popularity. They don’t even need physical presence to spy on employees.

    So, its even more confusing why corporations are so against the idea of remote work.

    • @SparlockEnglish
      1•1 year ago

      Yea that software means a hard pass from me taking a job offer.

      It demonstrates a fundamental lack of trust unless they are gonna let me spy on everyone above me on the ladder as well.