Page 33 - Office Conversion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Some cities offering incentive programs to offset expense, complexity and amount of work

High of 17% vacancy but l.a. just hit 22.5%. and this is about 61% more than pre-pandemic levels. and what is being leased is actually not being used very much. the average occupancy, the people going into work every day, even if the office is leased, is 49%. that is lower than the national average in l.a. so we've seen distress in the market and it is worse in downtown l.a. compared to west l.a. where you have more tech and media. but for this entire market, it is going to mean a lot of distress ahead for investors in commercial real estate. >> so there is also a housing crisis in los angeles...

Aspen plans to open the second location of its Little Nell Hotel on 10 floors of vacant office space above the NBC “Today” show studios.

Empty office buildings downtown. A housing shortage in almost every major market. Is there a way to address both issues at once by converting historic but underutilized office buildings into apartments...

City official says permits for conversions of office to indoor farm will be fast-tracked