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Given how behind so many metro areas were on building housing, the thing that makes the most usage sense is conversion of less in demand office space into resid
by dv_dt 4y ago
Given how behind so many metro areas were on building housing, the thing that makes the most usage sense is conversion of less in demand office space into residential space. That will eventually balance the office rents too. WFH is less of an influence if you can get office space close to residential space. Particularly in cities where a lot of people do enjoy the city social scene anyway.
- EricDeb 4y agogreat point. it seems only natural these should be converted to residential
- perpetualpatzer 4y agoIt does, but it can be expensive enough as to be prohibitive [0]. For example, offices tend to have fewer water hookups, fewer breakers (meaning high construction costs to repurpose) and wide floors (meaning lots of windowless units). [0]https://cre.moodysanalytics.com/insights/cre-trends/office-to-apartment-conversions/ https://cre.moodysanalytics.com/insights/cre-trends/office-t...