Commercial owners are faced with new financial realities in 2022. Tenants’ desire for less space and the shortage of housing provide new opportunities for landlords by converting their office space and other hard assets to residential.
Adaptive or creative reuse is not a new concept. Warehouses to office space in an urban setting was the beginning. Now, however, office to residential and mixed use is a hot market. In this podcast, Centinel Consulting President and Carlton Fields Shareholder Joseph McManus discusses opportunities and challenges for these conversions with Matthew Daw, senior principal in the Structural Engineering division of Simpson Gumpertz & Heger (SGH), and Jack Boarman, managing partner with architectural firm BKV Group.