7 ms·
I can`t find a link to the story (thought it was tech crunch), but I came across an an article a few weeks back speculating on all of the commercial real estate
by aSplash0fDerp 6y ago
I can`t find a link to the story (thought it was tech crunch), but I came across an an article a few weeks back speculating on all of the commercial real estate on the west coast and the possibility of residential conversions of defunct commercial space to dramatically increase housing supply in larger cities practically overnight.
I scoured the net and did not find much additional information and even tried to call a Realtor I know to see if the red-flags in commercial RE are the ripple to follow post-covid and if the downward pressure on residential home prices by residential conversions is on the horizon.
The jury is still out (not enough data), but that may end up being a bright spot of the new normal(word soup) if millions of new units become available over the next 12-24 months.