Remote work could wipe out $800 billion from office buildings’ value by 2030 — with San Francisco facing a ‘dire outlook,’ McKinsey predicts
McKinsey surveyed 13,000 office workers around the world for a model to predict real estate demand. It estimated that $800 billion of real estate value will be wiped out from nine major cities. And San Francisco faces a “dire outlook” — with a potential 38% fall in demand in a severe scenario. $800 billion worth […]
