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Report: Pandemic Effects on Work Arrangements Also Hitting Office, Retail and Residential Real Estate

PRSay

By 2030, demand for office space will be as much as 20% lower than it was in 2019, depending on the city, McKinsey predicts. Lower demand for office space has companies rethinking how to make their real estate meet new work habits. Office attendance has stabilized at 30% below pre-pandemic levels.

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RICS Sustainability Report 2022: some green shoots?

Practical Law Construction

This impacts both rents and prices with non-green real estate assets being subject to a brown discount. This could be the result of government policies such as the European Commission’s ambitious Green Deal with an interim target to reduce emissions in the building sector by at least 60% by 2030.

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