Archive: residential conversion projects

Commercial Real Estate’s Unused Office Problem

By Carolyn Price on September 30, 2022

As the popularity of hybrid work increases, office vacancies are becoming a major concern for building owners, cities and workers.  While some companies are encouraging employees to return to the office full time, they tend to seek more modern spaces in popular locations to lure their employees back. Older offices with fewer amenities or bad locations have become undesirable. And thanks to many companies embracing remote work or downsizing in office operations, decades-old office towers sit…