this post was submitted on 15 Jul 2023
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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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[–] NuPNuA@lemm.ee 9 points 1 year ago

Don't know about the US, but in the UK the loopholes for conversations result in some pretty naff flats with tiny windows and little ventilation. Still, for temp housing for the homeless or refugees awaiting asylum or the like it could work.