A “structural shift” to work from home in the pandemic will slash the number of those working in Australian CBD offices by up to 15 per cent, hitting the revenue of companies that depend on commuters such as Transurban, UBS has forecast.

While many people have returned to working in offices as the pandemic has eased, the trend for many white-collar workers to further work at home a couple of days a week has led the global investment bank to reassess the financial outlook for Transurban as well as real estate investment trusts.