8 ms·
Keep in mind, this is coming from the same firm who told AT&T in the 1980's that mobile phones would be a niche market with only 0.9 million subscribers.[a] Tr
by cs702 3y ago
Keep in mind, this is coming from the same firm who told AT&T in the 1980's that mobile phones would be a niche market with only 0.9 million subscribers.[a]
Truth is, no one knows with certainty whether office real-estate losses will be in the hundreds of billions or in the trillions of dollars.
And then, there's the question of indirect, non-real-estate financial losses -- for example, by downtown shops, restaurants, and other establishments that cannot survive if offices remain half-empty for much longer. The indirect, non-real-estate losses may well dwarf the direct ones!
All predictions about losses caused by remote work are little more than educated guesses at this point.
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[a] Sources:
http://www.economist.com/node/246152 http://www.economist.com/node/246152
https://dealbook.nytimes.com/2013/09/02/in-a-new-book-mckinsey-co-isnt-all-roses/ https://dealbook.nytimes.com/2013/09/02/in-a-new-book-mckins...
http://www.dtic.upf.edu/%7Ealozano/innovation/ http://www.dtic.upf.edu/%7Ealozano/innovation/