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Hybrid-work trend may wipe out $800 billion from office property values by 2030, McKinsey study says (www.reuters.com)

submitted 1 year ago by xNIBx@kbin.social to c/worldnews@kbin.social

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A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday.

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[–] stopthatgirl7@kbin.social 18 points 1 year ago (1 children)

And nothing of actual value will be lost.

[–] NuPNuA@lemm.ee 4 points 1 year ago (2 children)

Do you have a pension, as a lot of pension funds are tied up in this kind of stuff. Not that I personally would ever go back to full time office work, but things have knock on effects.

[–] nick@forum.fail 10 points 1 year ago

If their asset managers are clued in they will divest before it becomes a problem.

[–] Cube6392@beehaw.org 7 points 1 year ago (1 children)

Who the hell still has pensions? I'd fucking love a pension fund. Everyone's tied to much worse stock portfolio individual retirement plans

[–] NuPNuA@lemm.ee 1 points 1 year ago

Most people in the UK at least, it became mandatory for employers to offer a scheme a few years back.