America had a housing shortage even before the pandemic drove demand for larger living spaces. Conversions are one way to attack the problem, especially if office building occupancy remains depressed.
even before the pandemic drove demand for larger living spaces. Conversions are one way to attack the problem, especially if office building occupancy remains depressed.Overall apartment conversions — including those of warehouses, hotels and health care buildings — jumped 25% during 2020-2021, to about 28,000 units, compared to the prior two-year period before the pandemic, according to RentCafe.Conversions of office buildings jumped the most — by 43%, to 11,090 units.
Officials hope that'll create much-needed housing while transforming half-vacant downtown business districts into more bustling live-and-work neighborhoods.Those incentives — if they come to pass — could push these conversion numbers up higher.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
JSO: 35-year-old man arrested, accused of murder after police find woman dead in Southside apartmentThe Jacksonville Sheriff’s Office is looking for a man in connection to a homicide investigation after a woman was found dead in a Southside apartment complex Tuesday night.
Lire la suite »
Energy prices are skyrocketing. Here’s how you can get financial help this winterIf you’re worried about being able to pay your utility bills this winter, Massachusetts is a particularly generous state when it comes to heating assistance. Here’s what you need to know:
Lire la suite »
Deadly shooting investigation underway in West CovinaTwo men were shot, one fatally, at an apartment complex in West Covina.
Lire la suite »
California firm buys almost 1,000 apartments in D-FWAlmost 1,000 Dallas-Fort Worth apartments have been sold to a California firm.
Lire la suite »
43-year-old woman raped while jogging: PoliceCarl Phanor, 29, was arrested for the rape Thursday as well as two other assaults in recent months, police said.
Lire la suite »