Empty Spaces and Hybrid Places: The Pandemic's Lasting Impact on Real Estate

The past three years of the pandemic and the widespread practice of working from home have had a huge impact on our cities, businesses, individuals, and real estate of all types around the world. What will the future look like when considering long-term trends in population, employment, office attendance, housing prices, and other factors?

Join us for a special presentation featuring the results of a new McKinsey Global Institute (MGI) report, "Empty spaces and hybrid places: The pandemic’s lasting impact on real estate." MGI Director Jonathan Woetzel will take the lead in a discussion of the report's findings and implications, such as the ripple effects of hybrid work on the way we live, work, and shop; the resulting impact on demand for office, residential, and retail space in cities; and how urban stakeholders can adapt to the new reality. He will be joined by Peter Calthorpe, urban design and planning principal at HDR.

NOTES

Photo courtesy McKinsey. 

 

October 5, 2023

 

Speakers

 

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Peter Calthorpe

Urban Design & Planning Principal, HDR

Image - Jonathan Woetzelhttps://cdn.commonwealthclub.org/s3fs-public/styles/headshot/public/202…" srcset="/%3Ca%20href%3D"https://cdn.commonwealthclub.org/s3fs-public/styles/headshot/public/2023-08/Screenshot%202023-08-07%20at%204.59.58%20PM.png?itok=ME0NYK1O">https://cdn.commonwealthclub.org/s3fs-public/styles/headshot/public/202… 65w, https://cdn.commonwealthclub.org/s3fs-public/styles/headshot_1_5x/publi… 98w, https://cdn.commonwealthclub.org/s3fs-public/styles/headshot_2_x/public… 130w" />

Jonathan Woetzel

Director and Senior Partner, McKinsey Global Institute; Twitter @JonathanWoetzel

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In Conversation with Charles Atkins

Partner, McKinsey & Co

Speakers
Image -  Peter Calthorpe

Peter Calthorpe

Urban Design & Planning Principal, HDR

Image - Jonathan Woetzel

Jonathan Woetzel

Director and Senior Partner, McKinsey Global Institute; Twitter @JonathanWoetzel

Image - Charles Atkins

In Conversation with Charles Atkins

Partner, McKinsey & Co