Office To Residential Conversion
On today’s show we’re talking about changing the use of real estate in the downtown core in many cities. It’s no secret that the world is swimming in excess office space since the start of the pandemic.
I’ve been involved in direct discussions on several major office buildings that are candidates for conversion to apartments.
A recent report from CBRE puts the amount of sublease space available for rent at 159 million square feet across the US. That's in addition to the 144M square feet of new construction in the pipeline and the 15.9% official office vacancy rate. On today's show we're looking at some of the variables in office to residential conversions.
Host: Victor Menasce