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Too many cubicles, too few homes spur incentives to convert offices to housing

HERNDON, Va. — Juan Ramirez, watching his dog play in Chandon Park here in suburban Virginia on a Saturday morning, tries to imagine the massive office buildings next to the park becoming apartments and townhouses. “I guess it’s inevitable. People don’t use offices as much now. I hope it’s affordable. Maybe it’ll bring more young people […] The post Too many cubicles, too few homes spur incentives to convert offices to housing appeared first on North Dakota Monitor.

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Too many cubicles, too few homes spur incentives to convert offices to housing

Too many cubicles, too few homes spur incentives to convert offices to housing
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What does it take to convert office buildings into housing?

New York wants to encourage more office-to-housing conversions. But swapping commercial tenants for residential ones isn’t always easy.

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Will Changing Offices to Housing Help the US Market?

Officials in many American cities say they want companies to turn empty office buildings into housing. These housing plans, known as office-to-housing conversions, can help downtown business areas that became empty as a result of the COVID-19 pandemic.

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