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Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
(www.bloomberg.com)
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this post was submitted on 13 Jul 2023
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Per the article, it seems that the main barrier here is that it is currently not economically worthwhile to convert these buildings, as the conversions require massive changes to the buildings themselves. If the value of these properties fall enough, however, it could easily become an attractive proposition for these buildings. A continued push for work from home can hopefully damage these property values enough to make it feasible.