The Math on Office to Residential Conversions Doesn’t Add Up, Experts Discuss Why
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One of the hottest topics of the year has been Adaptive Reuse. With the low occupancy rate in many office and commercial buildings, and the nationwide shortage of housing stock, the conversion of commercial to residential has gained traction within communities with a critical shortage of housing.

REALTORS® have been on the forefront of the discussion as it would massively impact the housing market and require massive investment from public funding. At NAR’s REALTOR® Legislative Meetings, also know as NAR Mid-Year, professionals at the forefront of these projects gathered to educate REALTORS® about their viability in metropolitan areas.

At the Urban Roundtable: Adaptive Reuse session, Tracey Hadden Loh discussed a research paper she had just released. This report, Myths about converting offices into housing-and what can really revitalize downtowns, outlines many of the oversights. This informative report will give any individual a good understanding of the issue.