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Washington, D.C., announced a $2.5 million, 20-year tax abatement program for owners who added at least 10 housing units, and California set aside $400 million in incentives for office-to-resi ...
A new study finds that dorm-style housing could be a cost-effective route for office conversions, and would allow for cheaper rent in some cities.
The company then entered into foreclosure talks at the 14-story Circle Tower Office Building at Monument Circle in Indianapolis after defaulting on a commercial mortgage tied to the property. [11] Kansas City, once a thriving co-working city, began to experience rising office vacancy rates as work from home trends accelerated. The company was ...
But the flood of office conversions was more of a trickle. Between 2016 and 2021, only about 30 office-to-residential projects came online each year, according to a July 2023 Deloitte study.
A mobile office is an office built within a truck, motorhome, trailer or shipping container. The term is also used for people who don't work at a physical office ...
Rental rates for office and retail space are typically quoted in terms of cost per floor-area–time, usually cost per floor-area per year or month. For example, the rate for a particular property may be $29 per square-foot per year ($29/sq. ft/yr) or $290 per square-meter per year ($290/m 2 /yr).
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