CBRE says converting empty Edmonton offices to residential space can ease housing issues, increase the city’s tax base and even make the downtown core feel safer and more vibrant.
With growing residential demand in the Fairfax suburbs, vacant office space is ripe for redevelopment, but ground-up construction is difficult to pencil.
Former mayor Anthony Williams threw his support behind adding density to certain corridors in Washington, D.C. to address office vacancies and housing demand.