Office conversions have emerged as a hot topic in commercial real estate. With the stalled out return to office and surplus of vacant office space, conversions seem to be the logical next step. But what will these buildings become? And are the economics viable? Every city and every building have a unique set of challenges. For conversions to work, the right incentives must be in place.
In this Q&A, Colliers Capital Markets Director of Research Aaron Jodka sat down with Colliers Capital Markets office expert Frank Petz and distinguished architect Maren Reepmeyer of SGA to discuss the challenges facing today’s office market and where things need to go from here.