Converting offices to residential is expensive and can take longer than just building new residential. I’m not against converting offices to a better use, I saw an article yesterday about turning offices into vertical gardens for example, but office to housing isn’t a financially viable option, especially if you’re trying to make affordable housing.
Like housing. So people can afford places to live again!
But that would bring down the value of all the residential property these same people own.
Converting offices to residential is expensive and can take longer than just building new residential. I’m not against converting offices to a better use, I saw an article yesterday about turning offices into vertical gardens for example, but office to housing isn’t a financially viable option, especially if you’re trying to make affordable housing.