Los Angeles Times
Writing in the Los Angeles Times, BCG’s Santiago Ferrer outlines how the shift to remote and hybrid work has put many office buildings at risk of becoming “zombie buildings.” The decreased demand for office space has negatively impacted building owners and cities that rely on the tax revenue and economic activity generated by office workers. To address these challenges, Ferrer says that city leaders, property owners, and lenders must act to revitalize downtown areas and find new sources of revenue.