Revitalizing Urban Spaces: The Rise of Office Conversions

Explore the transformative trend of converting vacant office buildings into vibrant residential and mixed-use spaces. With remote work reshaping the commercial real estate landscape, cities like San Francisco and Cleveland are leading the charge in urban revitalization. Discover how these changes are redefining city living and investment opportunities in this insightful episode.

Sources:
https://news4sanantonio.com/news/nation-world/empty-office-buildings-find-new-lives-as-apartments-hotels-and-more-office-conversions-cbre-commercial-real-estate-multifamily-downtown-revitalization
https://www.businessreport.com/article/banks-are-raising-money-to-brace-for-losses-from-commercial-real-estate
https://libn.com/2024/11/15/lindenhurst-commercial-property-sells-for-850k/
https://www.reit.com/news/podcasts/commercial-real-estate-cusp-next-upturn-pwc

Outline:
(00:00:00) Introduction
(00:00:41) Empty office buildings find new life as apartments, hotels and more
(00:04:20) Banks are raising money to brace for losses from commercial real estate
(00:07:12) Lindenhurst commercial property sells for $850K | Long Island Business News
(00:10:10) Commercial Real Estate on Cusp of Next Upturn: PwC