The limitations of residential conversions for commercial real estate survival
Converting office space into residential units to save commercial real estate is not a viable solution due to fundamental challenges. Office buildings are not designed for residential living, with issues such as limited plumbing and HVAC systems, lack of windows, and impractical floor plans. Moreover, there has been a growing trend of employees returning to the office, with only a small percentage working from home full-time. The future of commercial real estate lies in understanding employee data and providing a worthwhile commute, rather than relying on office-to-residential conversions.