Fortune (May 26)
“The pandemic spurred work-from-home era is decimating the office sector, with rising vacancy rates and declining property values.” Researchers at NYU and Columbia have revised their estimate of the negative impact upward. “They now see a 44% decline in New York City office values by 2029, and a nationwide value destruction, as they put it, of $506 billion in just a three-year period from 2019 to 2022.”
Tags: $506 billion, 2029, Columbia, New York, NYU, Office sector, Pandemic, Property values, Vacancy rates, Value destruction, Work-from-home
Boston Globe (September 18)
“With major Boston-area employers extending work-from-home policies until 2021 or beyond and events and concerts and eating inside at restaurants and other fun activities either canceled, postponed, or greatly scaled back, the question has to be asked: Will we ever wear real clothes again?”
Tags: Boston, Canceled, Concerts, Employers, Events, Fun, Postponed, Restaurants, Scaled back, Work-from-home
