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.

  • @Currens_felis@lemmy.ml
    6•1 year ago

    My guess is that developers don’t think enough people would accept a communal bathroom for it to be profitable. It’s also possible they don’t think low income people are deserving of housing, so they won’t spend money to benefit them.