The report simulates the impact on the valuation of office space by 2030 in nine cities around the world. Owners are expected to suffer losses of $800 billion: the total value of such property will fall 26% compared to 2019 levels, while the amount could drop as much as 42%, analysts say.
“The impact on value could be even greater if it is exacerbated by rising interest rates,” McKinsey said. they own”.
The shift towards hybrid work during the Covid-19 pandemic has led to a decrease in the need for office space while vacancy rates have increased. According to McKinsey forecasts, in a moderate scenario, demand for office space will fall by 13% by the end of the decade. Attendance will still be 30% lower than it was before the pandemic, with only 37% of people returning to the office each day.
