14-07-2023, 07:43 PM
Jul 6, 2023
Office conversions into apartments are surging as the amount of vacant office buildings continue to increase nationwide. With housing in short supply, real estate developers are converting more boardrooms into bedrooms.
But not all buildings are candidates for reuse, even as more than one billion square feet of office space sits vacant across the country. Could this be a solution to the U.S.’s housing shortage?
Office conversions into apartments are surging as the amount of vacant office buildings continue to increase nationwide. With housing in short supply, real estate developers are converting more boardrooms into bedrooms.
But not all buildings are candidates for reuse, even as more than one billion square feet of office space sits vacant across the country. Could this be a solution to the U.S.’s housing shortage?