The Case For Conversions

The demand for office space has declined due to the rise of remote work. While occupancy rates have improved, they are unlikely to return to pre-pandemic levels, especially for older Class B and C buildings. These structures struggle to compete with modern Class A offices that offer better amenities and work environments. As a result, converting underutilized office spaces into residential units presents a practical solution for property owners and city planners. Office-to-residential Conversions provide a pathway to repurpose underperforming assets, enhance property values, and contribute to the city’s housing and sustainability goals. By adapting to market shifts and regulatory requirements, building owners can create vibrant, energy- efficient communities while ensuring long-term economic viability.