A McKinsey report suggests that the shift towards remote work could lead to a staggering USD 800 billion loss in the value of office buildings worldwide by 2030. Reportedly, this trend, exacerbated by pandemic-induced office vacancy rates and rent drops, could reshape major cities' real estate landscapes. McKinsey's study indicates that office attendance remains 30 per cent below pre-pandemic levels, with only 37 per cent of employees returning to the office daily. This report underscores the persistent impact of COVID-19 on commercial real estate, a sector already grappling with increasing interest rates. AI Eating Away Jobs: Artificial Intelligence Will Take More Jobs From Women Than Men by 2030 in US, Reveals Study.

Remote Work Could Cut Office Values by USD 800 Billion

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)