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Housing developers are converting empty office towers into housing as part of an effort to revive struggling downtown business districts that emptied during the pandemic. Conversion projects are underway in New York, Washington, Pittsburgh, and Dallas.
Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business district
Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business districts.
Multiple cities are offering serious tax breaks for developers to incentivize office-to-housing conversions — provided that a certain percentage of apartments are offered at affordable below-market prices.
Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business districts that emptied out during the coronavirus pandemic.