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In fact, as much as 330 million square feet of U.S. office space could become vacant by 2030, according to an early 2023 report by global real estate firm Cushman & Wakefield. What’s more is an ...
Due to the speculative nature of large scale real estate developments, mega-mixed-use projects often fall short on meeting equity and affordability goals. High-end residential, upscale retail, and Class A office spaces appealing to high-profile tenants are often prioritized due to their speculative potential. [16]
Nearly 70 million square feet of office space, making up around 1.7% of the total U.S. supply, has been undergoing conversion projects to create residential-use spaces, or spaces for other uses.
Between 2016 and 2021, only about 30 office-to-residential projects came online each year, according to a July 2023 Deloitte study. And as of the time of the study, there were only 217 such ...
Regions 615 is a 19-Story Class-AA Office Building in Uptown Charlotte, North Carolina. [1] It stands at a height of around 260 feet (79 m) [ 1 ] with 370,000 square feet (34,000 m 2 ) of floor space.
Office/Residential [2] [7] Previously known as RBC Plaza; was the U.S. headquarters of RBC Bank. Tallest building in North Carolina outside of Charlotte. Tallest building built in Raleigh in the 2000s. With 276,000 square feet (25,600 m 2) of leasable space it is the thirteenth largest office building in the triangle area. [8] 2 Two Hannover Square
Office-to-residential conversions can be costly and take longer than new construction. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums. Such entitlement is generally derived from ...