The future of real estate in a hybrid world
The McKinsey Podcast
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The Impact of Protracted Working from Home on Downtown Districts
This chapter explores the consequences of prolonged remote work on downtown areas with high concentrations of office buildings. It discusses the decrease in office occupancy leading to fewer people on the streets and a decline in retail spaces in those areas. However, it also highlights the increase in residential usage and demand, resulting in a minor resurgence of retail in residential neighborhoods.
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