article thumbnail

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.