Turning empty offices into apartments is getting even harder
Only 3,575 apartment units were converted from office space in 2022. The already tough process now faces even more challenges. Cities hoping to convert emptying office buildings into apartments are running into 20-year high interest rates, reluctant banks, stagnating rental markets, ever expanding permit issues, and other challenges that are bottling up their efforts. Developers… Continue reading Turning empty offices into apartments is getting even harder