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.

  • @SparlockEnglish
    0•11 months ago

    Sadly true. It is telling that there are so many more people wanting 100% remote over in office. I wonder if HR has cottoned on to the reason for the difference in application rates?