Commercial Real Estate Daily
Commercial Real Estate Daily
Tyler Cauble
032. Suburban Boom and Urban Decline: McKinsey's Insights on Commercial Real Estate
3 minutes Posted Jul 28, 2023 at 10:00 am.
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Today, we explore the changing dynamics in the world's largest cities and the impact of hybrid work on commercial real estate. McKinsey Global Institute's new study reveals that hybrid work is here to stay, leading to a surge in suburban living and a potential 40% decline in demand for retail and office space in urban cores. Join us as we discuss the lasting impact of the pandemic on real estate, the need for innovation and reinvention, and how cities must adapt to remain viable in the era of hybrid work.