Dan from Lotus Eaters raised this point as not as easy at it sounds.
Turning a commercial building into residential apartments is basically impossible as it requires a total internal fit out. It will probably be cheaper to demolish and rebuild if you wanted too.
Maybe if the price of commercial real estate crashed, but if that happened the overall economy would most likely be affected so who knows what the costs would be. Spoiler, they reckon about 3% of NY's commercial office space would be good candidates for conversion.
Let's hope they convert them to residential housing to keep all the migrants and leftists from spilling out into the countryside.
Dan from Lotus Eaters raised this point as not as easy at it sounds.
Turning a commercial building into residential apartments is basically impossible as it requires a total internal fit out. It will probably be cheaper to demolish and rebuild if you wanted too.
Edit: Someone did a basic calculation of the numbers and it's not great: https://cre.moodysanalytics.com/insights/cre-trends/office-to-apartment-conversions/
Maybe if the price of commercial real estate crashed, but if that happened the overall economy would most likely be affected so who knows what the costs would be. Spoiler, they reckon about 3% of NY's commercial office space would be good candidates for conversion.
nah you really don't. there's no reason they have to be GOOD apartments. they can be like some kind of massive boarding house.
You have to completely remodel every single utility as well as the internal space. Even before adding internal apartment walls etc.
Go into a large commercial space and just imagine how you'd turn it into a series of houses. It just cannot be done economically.
like i said, they don't have to be good. think mass shelter in a school gym.