Some U.S. mayors are loosening up guidelines that decide how builders convert workplace buildings into condominium complexes. The conversion development sped up within the 2020s, because the Covid pandemic distant work increase reshaped cities. Declines in workplace leasing exercise is constraining funding for providers like training and transit, main some native leaders to prioritize conversion of dated buildings. These rule adjustments could create some extra housing provide in areas just like the U.S. East Coast.
Sat, Jul 15 20237:00 AM EDT