Webb13 feb. 2024 · A report from rentcafe.com found that nationwide, 11,090 new office-to-apartment units were added between 2024 and 2024, a 43% increase from the 2024 … Webb7 feb. 2024 · But there are a few problems in the office-to-residential scenario. For many office building owners, a residential conversion simply doesn’t make economic …
Owners are Getting Creative with Vacant Office Conversions
Webb28 apr. 2024 · Los Angeles was the busiest market for conversions to lab or R&D space, with just over 667K SF in the process of being repurposed in Q1 2024 — a 339% … Webb26 sep. 2024 · Eastdil Secured, on behalf of lender Allianz Real Estate, is marketing a 320K SF vacant office building at 700 11 th Street NW. Bids are expected to approach $90M, or $281 per SF. According to ... cooloola great walk blog
The Legalities of Office-to-Residential Conversions: What You …
Webb16 nov. 2024 · However, in some metro areas, the conversion of Class B office buildings is not typically economically feasible because of the office rent premium in these areas, … Webb23 mars 2024 · A major office-to-residence conversion is about to begin at the former Duke Energy headquarters at 526 S. Church Street. It’s a 13-story building comprising 800,000 square feet of office space with architecture that’s conducive to conversion. Its first phase will have 450 residential units and 55,000 square feet of retail. Taking … Webb1 sep. 2024 · Office-vacancy rates have hit new highs—around 19 percent in Manhattan, 22 percent in Chicago, and 24 percent in Los Angeles, with office space available for … cooloola food service