A new McKinsey Global Institute report estimates that by 2030 across nine "superstar" cities — Beijing, Houston, London, New York City, Paris, Munich, San Francisco, Shanghai, and Tokyo — there could be a projected loss of $800 billion of office value in real terms.

And that's the "moderate" scenario.

Just over a year ago, researchers from the NYU Stern School of Business and the Columbia University Graduate School of Business concluded that the U.S. office market would see a loss of $500 billion in value.

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