Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends.
Isn’t it really expensive converting officespace to residential though? Given the layout of plumbing, elevators etc. Would assume that alot of the time it would just be cheaper to tear it down ☹️
Isn’t it really expensive converting officespace to residential though? Given the layout of plumbing, elevators etc. Would assume that alot of the time it would just be cheaper to tear it down ☹️
It’s just like converting anything else into a multifamily building.