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.

    • Semi-Hemi-Demigod@kbin.social
      4·
      1 year ago

      I used to live in a tiny rural town of about 3,000 people, and even it used to have a trolley line. They tore it up when they built the highway, and now the only public transit available is one bus twice a day, and only for people who are disabled.

      One of the old trolleys is still sitting next to the fire station, mocking everyone who drives by.