Office Conversions Find New Life After Property Values Plunge

?Office-to-residential conversions are gaining traction, helping revitalize depressed business districts WSJ explains the process of converting office space into livable apartments in this video feature from July 2023.

Developer efforts to convert emptying office towers into residential buildings have largely gone nowhere. That may be finally changing.

The prospect of transforming unused office space into much-needed housing seemed a logical way to resolve both issues. But few conversions moved forward because the cost of acquiring even an aging office building remained too high for the economics to pencil out...

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RSK: Not too many properties in our market that will adapt well to this. But I always thought the Oscar Meyer property had and maybe still has potential.