Read an article about Seattle considering turning empty office buildings into housing.. is this even feasible with the amount of renovation that would be needed?

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It's being done throughout the country. Developers are looking to municipalities for some help here as they can create mixed income housing. Some keys are: does the layout of the floor plate lend itself to being split into sufficient units, the MEPF retrofit required for individual controls + life safety.

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This has already started in NYC. The prediction is parts of Manhattan will become the next Brooklyn. With hybrid work practices on the rise, commercial real estate is definitely hurting. There is still a deep decline in workplace projects and I don’t see that changing soon. I’m not really surprised the real estate market is forced into changing too. But in the NYC metro area, the battle of real estate has been more between residential and healthcare than traditional workplace.

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