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re: Crane City - Why is there is Skyscraper boom in most major U.S. cities?
Posted on 1/19/24 at 7:55 am to BabyTac
Posted on 1/19/24 at 7:55 am to BabyTac
quote:
I know Austin has a major issue with downtown office space being empty yet they keep building more. Saw a report a few weeks ago that less than 48% of downtown commercial property is occupied.
I wonder if they are building more "flexible" spaces. I've read that converting office space to apartments usually isn't as simple or even as feasible as you would suspect. While there isn't as much demand for office space housing still seems in short supply in certain metro areas like Austin and Nashville.
I've been wondering this too - many companies are starting to (or already have) give up on "return to work" initiatives.
Posted on 1/19/24 at 12:04 pm to WavinWilly
quote:
I've read that converting office space to apartments usually isn't as simple or even as feasible as you would suspect.
That is correct. Besides the obvious additional plumbing/electrical needed, it is held to a much stricter fire code standard when it becomes a residence. Can require a ton of changes to get fire marshall approval.
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