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.

  • IntangibleSloth@lemm.eeEnglish
    4·
    1 year ago

    But I need to be in the office to collaborate with my teammates who are in the other side of the planet via Teams!! /s

    • ohlaph@lemmy.world
      3·
      1 year ago

      Isn’t that the truth. I have colleagues in Washington, Oregon, California, New York, New Jersey, and Texas. Zero in-person collaboration potential.

    • CADmonkey@lemmy.world
      2·
      1 year ago

      Hey, are you my former employer? Only it wasn’t the other side of the planet, it was just Texas.