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Office real estate values may face an “apocalypse.”

Research by the National Bureau of Economic Research (NBER) analyzing the results of the Covid-19 pandemic on our working environments has predicted what it calls a “workplace actual property apocalypse”.

The September 2022 paper discovered a major 45% decline in workplace values throughout 2020, with a long-run fall of 39%. The NBER locations the long term determine at an alarming $453 billion, nevertheless among the many findings was a touch on how places of work can shield themselves from impending doom.

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