Commercial real estate insiders predict one-quarter of existing American office space could be vacant by early 2026. And currently, 11 major metros have at least $1 billion worth of empty space.
Converting Toronto’s empty office space into housing will not be a straightforward process – and may not even be feasible in some cases, a new report indicates.
As workers were increasingly asked to do their jobs from home during the COVID-19 pandemic, the trend has continued and nearly 19% of U.S. office space is empty. While the office sector represents ...
11 major metros currently have at least $1 billion worth of empty space and commercial real estate insiders predict one-quarter of existing American office space could be vacant by early 2026.
But the pandemic, and the glut of empty office space it brought with it, presented a new opportunity to think about sustainability: by converting unused commercial buildings to apartments.