Office-to-Apartment Conversions – A Good Idea, but Tricky to Pull Off (Audio)
Welcome to the trendy revolution of urban farming. Three years ago, Washington, DC, Mayor Muriel Bowser unveiled a plan to transform vacant office buildings in downtown DC into residential properties with hopes of creating a...more
“Your success in life isn’t based on your ability to simply change. It is based on your ability to change faster than your competition, customers and business.” — Mark Sanborn. This past July, Boston Mayor Michelle Wu,...more
Governor Newsom recently approved multiple state housing bills passed by the State Assembly and Senate. The following is a summary of a few of the key bills that are expected to benefit multi-family, mixed-income housing...more
In our second episode of Lay of the Land, hosts Heather Horowitz, Jen McCosker, Christian Major, Tobias Gries, and Anna Amprimo discuss office asset market trends in the United States, Australia, the UK, Germany, and Italy....more
As many companies settle into hybrid work models, office occupancy rates in the United States have flatlined during the first half of 2023. In the Borough of Manhattan (the Borough) in New York City, upwards of 255 million...more
Despite a strong start last year, venture capital funding for life sciences totaled $35.8 billion in 2022, down 28% from 2021, according to Cushman & Wakefield (C&W). Initial public offering activity also fell 90% from $14.5...more
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 and condos in city...more
CHICAGO — Proposed Ordinance Offers Course Correction for False Claims Against Gig Workers- Rideshare and delivery drivers in Chicago are calling for an ordinance that guarantees their right to appeal before being...more
As work habits continue to transition from office space to work from home, sparsely populated downtown office towers are proving to be a barrier to the City’s goal of repopulating the traditional financial district. Enter the...more
COVID-19 shook nearly every industry to its core, but never more so than for commercial office space. Before the pandemic, downtown office space across the United States favored landlords in virtually all aspects of...more
Twenty-seven months ago, we couldn’t begin to comprehend the length or severity of the pandemic, nor its long-term effect on commercial office space. Today it is still not possible to make an accurate prediction, but a few...more
Attorney Kimberlee Stafford studies office-to-apartment conversions as a possible response to the housing crisis. Apartments, Commercial Buildings, Conversion, Office Closures, Residential Leases, Single-Family Housing,...more
Yesterday, the FCC modified its building inside wiring rules governing service provider access to apartment, condominium, and office buildings, otherwise known as multi-tenant environments or multiple dwelling unit buildings...more
At the Allen Matkins 14th Annual View From the Top real estate summit, one of the panels discussed landlord and tenant space utilization trends and issues in the wake of the COVID-19 pandemic. The conversation, moderated by...more
Given the continuing pandemic, there is much uncertainty about how the experience of working from home will affect today’s office space market. The panelists' of the latest Allen Matkins/UCLA Anderson Forecast California...more