Should shuttered office buildings be converted to housing?


As commercial and office real estate markets continue to be upended by societal shifts touched off by the COVID-19 pandemic, some economists are looking to these now under-utilized spaces as potential avenues for bringing additional housing supplies online in American cities. 

Previously on Archinect: "Non-residential construction expected to decline through at least 2021." Photo by Quang Nguyen Vinh from Pexels.

A recent report from nonprofit think tank RAND Corporation explains that 40% of respondents to a recent survey by the firm indicated that they are working from home, a figure that paints an uncertain picture for the millions of square feet of office spaces these workers are no longer utilizing. The report explains that many office spaces are grouped in specialized central business districts, where they draw from regional populations in order to fill their cubicles and open offices areas. With the massive shift in how and where people work currently underway, the RAND associa...

Antonio Pacheco via Archinect - News https://bit.ly/3eUsypf

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