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.

  • ghostdoggtv@lemmy.world
    24·
    1 year ago

    There is no value lost unless you’re an owner being forced to sell. Employment space is not worth anywhere near what the value of housing is. Call this what it is, a market correction.