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Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
(www.bloomberg.com)
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this post was submitted on 13 Jul 2023
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That's the story they're selling but I don't think it really holds water. Sure, they'll have to remove the fitout and upgrade the plumbing and that costs money but no more than anyone would expect when building apartments. Some office buildings won't be suitable for residential use due to their shape and they obviously won't be converted but most are suitable and they'll be fine.
The business lobby pointing at the ones which are unsuitable and saying "but this whole thing is going to be impossible!" looks disingenuous to me. There are plenty of good options and there's no reason to expect they won't be converted.
These kinds of topics always get the "if it doesn't work for every single use case, it's useless".
This is a case by case kind of thing, each building should be examined and choose the appropriate new use for it.
Right, like masks don't stop all germs 100% of the time, ergo masks don't do anything.