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Replying to Avatar Mike Brock

(Yes, I understand that commercial structures don't typically have the correct plumbing and HVAC configurations for residential use. And, that this would require significant regulatory changes from local governments. But these would all be tractable problems, if we just got out of the way of the market, here)

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verly 2y ago

https://www.nytimes.com/interactive/2023/03/11/upshot/office-conversions.html?unlocked_article_code=7-MNSyM99YuAkJ6O129ZEvuhem73wrjhh-9Y38ObvEHMZrbGH6VJRxStci8dcgCLAhV1lHld0HimglpZ67whrnqOVixWzzz8uvKexSRnQMxhqQXzh2MhStqHHRLVAtVOjNnsNdbvUuGf4MultLQOJje5edtNewuWXJRu7s74GHTA53nbXcjZvqOcqUomU2NEIggVrPjAqr1pmdfcoZwc2sJ27xU_kjc_CWXtPTbOtEaK2X_UepDfM3bh2V6gavTyPvPrcBU1PuPEI4oMfkSUO1MjN58Q2RVonjhTh8jt5ZyHBowcqAf-vmWLB8IfrEsLqlV23bSltoHKyJgt7JnquWl7yvBcpoEIzHbr&smid=nytcore-ios-share&referringSource=articleShare

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Mike Brock 2y ago

It's hard. But the money and demand is there!

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verly 2y ago

I think it will happen as well. The building I work in is about 40% occupied. Was probably 95% before the pandemic. Once the long term leases expire, building owners will have to accept further losses or look to convert for residential or other usage.

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