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.

  • donuts
    46•1 year ago

    Ok so for the pros of working from home that’s:

    • lower demand for prime real estate downtown
    • less environmental impact due to daily commutes
    • less employee time wasted due to daily commutes
    • more comfortable and familiar work environments
    • less business overhead associated with running a permanent office
    • more reasons to do company events or retreats in interesting environments
    • better accesses to a broader pool of talent
    • more/cheaper housing options for people to live outside of cities
    • less traffic and traffic accidents, with lower demand for cars and parking in city centers

    But let’s not forget the big cons of work from home too!

    • your inferiority complex-having superviser/boss/manager doesn’t get to feel powerful and important by performing workplace theater while breathing down your neck constantly or counting your keystrokes.
    • you don’t have to pretend to like the people you work with every day, but only some days.
    • @AdamHenry@discuss.tchncs.de
      1•1 year ago

      Another con to add to your last paragraph. Acting skills will dip, dashing the hopes of some Apple employees that wanted a part to the snuff film… Rust 2.