Prompted by Greg Walters, augmented by Charlie G. Peterson
Impacts of Work-from-Home on Commercial Real Estate:
Challenges in Converting Office Space to Living Space:
The rise of remote work has led to a significant decrease in the need for physical office spaces" - 60 Minutes, CBS "Doom Loop" is purposely dramatic and depicts reality yet there is a day after. The opportunities in the new way of work are nearly infinite because nobody has been here before. The technology will follow the knowledge worker, not the other way around.
List of Sources: "Real estate owners saddled with half-empty office buildings as hybrid work trend continues" - The Big Picture on Ritholtz.com. "Commercial Real Estate; Master of the Mind" - 60 Minutes, Season 56 Episode 16 on CBS. "Hybrid work leaves offices empty and building owners reeling" - 60 Minutes on YouTube.
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