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How much does that cost, and is anyone going to pay that cost when residential rents are also falling? Commercial property is so different from living quarters
by Analemma_ 6y ago
How much does that cost, and is anyone going to pay that cost when residential rents are also falling? Commercial property is so different from living quarters that I wouldn't be surprised if "conversion" isn't actually possible, short of just razing it and building from scratch.
- pkaye 6y agoI've seen that conversion in Silicon Valley. There is the Valco mall in Cupertino being demolished for mixed use residential, retail and office space. That mall was dying for a decade. https://revitalizevallco.com/ https://revitalizevallco.com/ Then there is Santana Row in San Jose. Used to be a strip mall as I recall. Now its high end shopping and residential. https://en.wikipedia.org/wiki/Santana_Row https://en.wikipedia.org/wiki/Santana_Row