Remote work could wipe out $800 billion from office buildings' value by 2030 — with San Francisco facing a 'dire outlook,' McKinsey predicts
Remote work could wipe out $800 billion from office buildings' value by 2030 — with San Francisco facing a 'dire outlook,' McKinsey predicts
McKinsey's report says San Francisco is set to fare the worst of the nine major cities, facing a "dire outlook" with a 20% drop in office demand.
McKinsey's report says San Francisco is set to fare the worst of the nine major cities, facing a "dire outlook" with a 20% drop in office demand.
Here's an idea...let's take that space and make AFFORDABLE HOUSING
as it should.
commercial real estate is vastly over valued, even more than resident real estate.
asset prices must come down for the economy to de-leverage itself.
inflated asset prices boosting are not real growth. our economy has been a joke for 10+ years now with this shit.