Impact of Remote Work: McKinsey Predicts $1.2 Trillion Drop in Office Property Values
According to a recent report released by McKinsey, the growing trend of remote work is anticipated to diminish office property values by a staggering $1.2 trillion.
An alarm is sounded for commercial properties.
As we transition to a new normal where yields are dead, many asset classes – and the investors who populate them – haven’t yet come to terms with risk-free government bonds that pay four to five percent a year.