NYC office buildings are set to see $50 BILLION in value wiped out as nearly 54% of workers in the Big Apple continue to work from home, new research suggests

by Boo_Randy

It’s only Yellen Bux, but still….

www.dailymail.co.uk/news/article-11276799/NYC-office-buildings-set-50-BILLION-value-wiped-continue-work-home.html

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The city of New York continues to face devastating financial peril from remote work, as office buildings could potentially lose $50billion due to people doing their jobs from home.

A recent study from the National Bureau of Economic Research shows that property values of office buildings in the city declined nearly 45 percent in 2020 and are forecast to remain about 39 percent below pre-pandemic levels.

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