Struggling commercial building owners lost upwards of 20% of their office renters during the pandemic
The shift to remote or hybrid work has created empty office buildings across the U.S. And, instead of tearing them down, some owners and investors are giving them new use.
After seeing a rise in office vacancy, Dougal Cameron owns commercial properties and designed a plan where people can work, live, and host events all inside of Houston’s Historic Esperson building...
RSK: This is not a cure all for all vacant office space. There are many hurdles and cost effectiveness involved in conversions. Basically, the less your office building is worth the better a conversion will work for you...oh, and don`t forget location.
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- - Volume: 11 - WEEK: 19 Date: 5/9/2023 4:59:00 PM -