Can Unused Office Space Become Residential Real Estate

The price is still too high to turn offices into homes. Converting underutilized office space to residential units is harder than it sounds — in ...

Why aren't our downtown office buildings converting to residential? Higher costs. Across the country, on average, the cost of developing ...

There's no formula or scalable model for turning an office into a home, said Brett Theodos, a senior fellow with the Metropolitan Housing and ...

While converting office buildings to multi-family residential involves many considerations – including zoning codes, real estate values and ...

In addition, the adaptive reuse of vacant office buildings can potentially help address the financial solvency of commercial real estate lenders ...

Goldman Sachs Research explores the feasibility to turn vacant offices into multifamily residences to alleviate housing supply issues.

A dearth of residential housing and oversupply of vacant office space has raised interest in the idea of real-estate conversion. · However, ...

A new proposal to address the housing crisis would convert empty office space in many American cities to deeply affordable apartments for rent.

Developers last year created just 3,575 apartment units in the U.S. through office conversions, according to an analysis by rental listing site ...

With the pandemic-induced shift to remote work and the slow return of office workers, the demand for downtown real estate—particularly office ...

't we converting more office buildings into residential buildings? Can we solve the housing crisis or are we stuck in a real estate doom ...

Overall, converting office buildings to residential units might ameliorate the housing crisis a little bit, but it won't solve it, says Charles.

Office vacancies in older buildings will likely continue as demand for office space is expected to remain below pre-pandemic levels—presenting ...

But transforming an office building into apartments isn't easy, and doing so comes with regulatory and architectural challenges that can cause ...

Converting commercial real estate to housing also has unique financial obstacles. Office vacancies are not uniformly distributed across building ...

In many large cities across the country, vacant office space has become abundant in downtowns and prime real estate areas.

The project is one example of a growing real estate trend — converting old, unused office space into apartments. These conversions seem like ...

A Record Number of Office Buildings Will Be Converted Into Apartments in 2024 ... An empty office space in a building in ...

Now is the time to get started. With rising office vacancies, growing demand for housing, and relatively low real estate costs, office-to ...

Unless building code and zoning restrictions are eased such that they can be converted quickly to rental housing with the minimum of renovations ...