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.

  • @ohlaph
    10•1 year ago

    There isn’t enough profit for the capitalists.

    • @killeronthecornerEnglish
      9•1 year ago

      Exactly. 100 year leases with year on year increased service fees go brrrrrr