A New Estimate: Office Could Lose $800B in Value by 2030

GlobeSt.com, July 14, 2023–Erik Sherman
A new McKinsey Global Institute report estimates that by 2030 across nine “superstar” cities — Beijing, Houston, London, New York City, Paris, Munich, San Francisco, Shanghai, and Tokyo — there could be a projected loss of $800 billion of office value in real terms. And that’s the “moderate” scenario.