"From Offices to Apartments: Cities Embrace Remote Work Revolution"

1 min read
Source: Business Insider
"From Offices to Apartments: Cities Embrace Remote Work Revolution"
Photo: Business Insider
TL;DR Summary

Cities across the United States are looking to convert vacant office buildings into apartments as remote work becomes more prevalent. This trend is seen as a solution to address housing shortages, empty offices, and the climate crisis. Conversions involve adding amenities such as gyms, workspaces, and pools to attract residents and revitalize downtown areas. New York City aims to create 20,000 new apartments by converting old office buildings, while San Francisco faces challenges due to high construction costs and slow approval processes. Governments need to loosen zoning and entitlement restrictions and provide financing incentives to facilitate these conversions.

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