{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Urban Suburban","title":"Multifamily Housing: Converting Commercial Real Estate","html":"","width":"100%","height":180,"duration":1003,"description":"SummaryIn today's episode, we explore the evolving landscape of commercial real estate, discussing the challenges and opportunities presented by rising office vacancies and the growing trend of adaptive reuse. We delve into the potential of converting vacant office spaces into much-needed housing, examining the economic, social, and governmental factors that can either hinder or help these projects. Highlighting examples from cities like Atlanta, Chicago, and Boston, we assess the effectiveness of various incentives, such as tax credits and grant programs, in making these conversions financially viable and impactful. We will also discuss how government entities, like DOGE, are cutting federal leases and saving money, thus impacting office vacancies. Tune in to understand how repurposing underutilized buildings can revitalize downtown areas, address housing shortages, and contribute to more sustainable urban development.HighlightsFinancial incentives and their role in driving conversion projectsThe impact of remote work on commercial real estateThe challenges of converting commercial buildings to residential useReferences1. Converting Vacant Office Space Into Housing, Center for American Progress, Michela Zonta, Lily Roberts, and Jessica Vela2. DOGE Has Ended 2.3 MSF of Federal Leases, Saved $145M, CRE Daily, Han Lung3. DOGE Takes Credit for Terminating Lease on Jimmy Carter's Office Space, Newsweek, Jesus Mesa4. Downtown Atlanta Commercial-to-Residential Conversion Feasibility Study, HR&A Advisors5. From Commercial to Residential: The cost of conversion, KB Advisory Group6. Research notes from Arthur Nerbas / Nerbas Consulting Inc.","thumbnail_url":"https://img.transistorcdn.com/JhbFLjOz9lzLq2jRf8faIhQeq6D0hiMcuUN_FBQklrY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS82N2M3/ZThiNTkyMmJkYzdk/ZGQyMzY5YzUzZDI3/ZWIxOC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}