Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends.
Converting offices to residential is expensive and can take longer than just building new residential. I’m not against converting offices to a better use, I saw an article yesterday about turning offices into vertical gardens for example, but office to housing isn’t a financially viable option, especially if you’re trying to make affordable housing.
Converting offices to residential is expensive and can take longer than just building new residential. I’m not against converting offices to a better use, I saw an article yesterday about turning offices into vertical gardens for example, but office to housing isn’t a financially viable option, especially if you’re trying to make affordable housing.