D.C.'s Record Vacancy Could Push Developers To Convert Downtown Offices To Apartments
Soaring Downtown Office Vacancies Pushing Developers Toward Apartment Conversions The strategy of converting office buildings to residential has taken off in the suburbs and in some of D.C.'s emerging submarkets, but it has been difficult for developers to make conversion projects work in the city's central business district. That dynamic appears to be changing, some developers and experts say, as the elevated office vacancy in the downtown market makes conversion projects more appealing. Courtesy of Helen Kozak The Watermark apartment...
Source: bisnow.com