How much will commercial real estate lose due to remote work?

U.S. Office CRE Values Yet to Trough; Recovery Will Be Protracted

Distressed office property valuations, as indicated by U.S. CMBS office loans in special servicing, have fallen by over 50% on average from ...

Empty office buildings: Here's how it could affect you - NewsNation

(NewsNation) — The commercial real estate sector is facing a trifecta of pain: remote work emptied office buildings, property values ...

How Large Will Losses Be in Commercial Real Estate? - Morningstar

The pandemic massively accelerated the remote work trend and created a real structural drop in demand for office property. A significant ...

How commercial real estate challenges are affecting banking

The office sector has struggled the most after it was hit particularly hard by the shift to remote work, with floors of office buildings ...

Real Estate Values in the Time of COVID | NBER

Using data from CompStak, we find an average 17 percent reduction in rent revenues from active leases across 105 office markets in the US, as well as much ...

Sizing up the WFH threat to commercial property valuations

By mid-2023 it was apparent that offices were struggling, so much so that McKinsey & Co forecast remote work could slash US$800 billion ($1.2 ...

Will the Commercial Real Estate Market Crash in 2024?

According to Morgan Stanley analysts, there is a potential for a decline in commercial property prices by up to 40%, which would rival the ...

Hybrid-work trend may wipe out $800 billion from office property ...

A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to ...

How empty office buildings are setting cities on a doom loop

A real estate sector rocked to its foundations by empty offices is struggling to adapt to hybrid work. The trouble with office buildings ...

Office real estate value likely to plunge 26% through 2025: Moody's

The value of office commercial real estate will likely plunge 26% by the end of next year as many companies adjust to the work-from-home trend ...

Empty spaces and hybrid places | McKinsey

... is, a combination of remote and in-office work). The behavioral shifts have already had major effects on real estate in “superstar” cities ...

How Remote Work is Affecting the Commercial Real Estate Workforce

In 2020, the National Association of Realtors (NAR) reported that 62% of commercial real estate (CRE) professionals were working remotely due to ...

Commercial Real Estate: Where Are the Financial Risks?

The multifamily real estate market has also been suffering from rising operating costs, slower rent growth, and rising costs of refinancing due ...

As 'Zoom Town' Settlers Are Forced Back to the Office, Many Must ...

Remote work helped to turbocharge these real estate markets. And ... losing commuting to work against lower real estate prices. Some ...

Emerging Trends: Recalibrating Expectations for the Era Ahead in ...

The stickiness of remote and hybrid work has far-reaching effects across property sectors, changing demand for the amount and type of office ...

Commercial real estate: Weathering the storm - Vanguard

What could go wrong? · Property values could decline by as much as 40% on average. · Net operating income in many commercial property sectors ...

Spotlight: New York City's Office Market

The seismic, pandemic-driven shift toward remote work has substantially pushed down demand for office space, approximately doubled the vacancy ...

Opinion | Commercial real estate crisis may not be as bad as you think

If commercial real estate lost that much value, banks with more than $50 billion in assets would see their capital levels drop by 13.5 percent ...

Office Owners Already Reeling From Remote Work Now Face ... - WSJ

Owners of office buildings stumbled through 2022, when their holdings underperformed most every other type of commercial real estate.

The war on remote work has nothing to do with productivity

I just don't think that real estate has enough power to push through a return-to-office agenda at the scale that we're seeing. Don't get me ...