Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?
Allwork
JANUARY 6, 2023
We find a 45% decline in office values in 2020 and 39% in the longer-run, the latter representing a $453 billion value destruction. Bloomberg discusses the complexity involved in repurposing older office buildings into residential and multipurpose properties due to New York’s zoning laws and the expense of upgrades.
Let's personalize your content