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

In nine global cities, remote work is poised to wipe out up to $800 billion of office value by 2030. And that's just the moderate projection.

Working from home could wipe $800 billion from office values globally

Remote work risks wiping $800 billion from the value of office ... commercial real estate — a market also under strain from rising interest rates.

Remote work could wipe out $800 billion from office buildings' value ...

$800 billion worth of office space is at risk, caused by lower demand due to remote work, according to a McKinsey report.

The Impact Of Remote Work On Real Estate - Sachs Realty

As demand outpaces supply and prices continue to rise for houses, the commercial real estate market is actually facing the opposite problem.

The Vanishing Office Space: Commercial Real Estate Trends in the ...

Remote work is significantly impacting commercial real estate, with ... billion loss in office value across major cities by 2030 due to ...

How A Real Estate Crisis Could Hurt The Job Market - Forbes

Remote work—in addition to federal interest rate hikes ... Banks are reportedly facing $160 billion in losses on commercial real estate ...

How Will Remote Work Change the Real Estate Market?

The average institution allocates about 10 percent to commercial real estate of that, a lot of it is office. And so that sort of has aggregate ...

Expert Voices 2024 | Remote Work: Its Impact on Cities - Penn IUR

Kazis and Benjamin Schore Professor of Real Estate and Professor of Finance, Columbia University, notes that commercial real estate is expected ...

'Ticking time bomb': Plunging office values alarm Washington - Politico

Over the last four months, seven office properties were sold at a staggering loss of more than $100 million each, up from just one such sale in ...

Office Landlords Risk $800 Billion in Losses, McKinsey Says

Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing.

Will remote work hurt office economy? - International Finance

Gupta, Mittal, and Van Nieuwerburgh projected that by the end of the decade, the office building sector will lose 39% of its value in comparison ...

Remote work's $250B toll - LinkedIn

U.S. office vacancy rates are expected to climb to 24% by 2026 from 20% in this year's first quarter as the impact of work-from-home trends ...

The Fate Of Office Buildings In The Remote Working Era - Forbes

As remote and hybrid work take their toll on office buildings, these types of commercial properties will most likely depreciate in value by a whopping 28% from ...

How much will the commercial real estate market's decline hurt the ...

Concerns about a pandemic-induced weakening of the commercial real estate market are warranted, according to a recently released working ...

The $500 billion 'Office real estate apocalypse': Researchers find ...

The key takeaway from our analysis is that remote work is shaping up to massively disrupt the value of commercial office real estate,” they ...

Why all these empty offices pose a major threat to the economy - NPR

Is Remote Work Here To Stay? ... It's a troubling development for the commercial real estate industry at a time when the U.S. economy is already ...

The remote work revolution: Impact on real estate values and the ...

The last column of Table 1 shows employees' desired work schedules for the New York MSA for office- using sectors in September 2022. They are not that far from ...

Out of the Office, Into a Financial Crisis? | Richmond Fed

The Next Shoe to Drop? Whether firms are scaling back their office space needs due to remote work or weakening economic conditions, there are indications of an ...

Remote work wipes $453b off office real estate value - The Register

Commercial 'apocalypse' now – and worse is yet to come, apparently ... The surge in remote work, and a decline in demand for office space, during ...

Remote Work's Negative Impact on Office Market Cited for Plunge in ...

The report states that although real property revenue from hotels, restaurants and retail properties is expected to continue on a path of recovery, “this growth ...