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.
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.
Using existing buildings for apartments would be great for the housing markets. For example, a building that used to be used for a TV broadcasting company in SF was turned into pretty nice apartments at relatively reasonable prices. Much better use for the buildings than empty offices.