Office Vacancies

Modern six-story office building in Washington, D.C. formerly occupied by Federal Aviation Administration.

Legislation Introduced to Support Adaptive Reuse of Federal Buildings

The proposed bill would promote the conversion of vacant and underused buildings into affordable housing.

April 15, 2024 - Route Fifty

A view straight down LaSalle Street, lined by high-rise buildings with an El line running horizontally over the street.

Chicago to Turn High-Rise Offices into Housing

Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.

April 10, 2024 - Chicago Construction News

Office Building

6 Key Factors That Make Office Buildings Prime for Conversion

A building’s potential for adaptive reuse is based on a variety of characteristics.

March 8, 2024 - Columbus Business First

View of down La Salle Street lined with skyscrapers in downtown Chicago.

Downtown Chicago Vacancy Rates at All-Time High, Slashing Building Values

Record vacancy rates and the high cost of borrowing money are fueling a commercial real estate crisis in downtown Chicago.

March 5, 2024 - Bloomberg CityLab

View from between tall white brick buildings in evening in downtown Los Angeles with modern office building across street.

Federal Office Conversion Program Slow to Start

To date, no loans have closed through a federal program meant to spur office-to-residential conversions.

March 3, 2024 - Bloomberg CityLab

Washington D.C. office buildings with river and stone arched bridge in foreground.

DC Issues Draft Adaptive Reuse Regulations

A proposed tax abatement program would promote the conversion of office buildings to housing.

February 9, 2024 - Venable LLP

Three-story modern suburban office building.

Revitalizing Suburban Office Space

Suburban office buildings are also losing tenants, but face some unique challenges compared to their urban counterparts.

February 1, 2024 - Governing

Large empty office building floor with columns and golden hour light.

One-fifth of Southern California Office Space is Vacant

Office buildings continue to lose tenants as the remote work trend persists.

January 22, 2024 - Orange County Register

White banner with red "SPACE AVAILABLE" text hanging at top of white office building.

Federal Agencies Update Rules to Support Office Conversions

New grant rules make it easier for local governments to acquire commercial properties for conversion to affordable housing.

October 30, 2023 - Route Fifty

Securities and Exchange Commission office in Washington, D.C.

Office Vacancies at Federal Agencies as High as 75 Percent

Many federal agencies are sitting on underutilized buildings, causing a congressional committee to call into question the need for so much real estate.

October 11, 2023 - Smart Cities Dive

View of Austin, Texas skyline with river in foreground during morning golden hour.

Texas Cities’ Office Vacancy Rates Close to Double New York, San Francisco

A glut of office buildings in the pro-development state is leading to some of the highest vacancy rates in the country, even as population growth spikes.

October 10, 2023 - The Wall Street Journal

Google maps street view of San Francisco alleyway.

Ending Downtown San Francisco’s ‘Doom Loop’

A new public space project offers an ambitious vision—so why is the city implementing it at such a small scale?

September 26, 2023 - Fast Company

View of downtown Dallas, Texas skyline with skyscrapers against twilight sky.

Adaptive Reuse Successes in Dallas

The rise in office vacancies is fueling a boom in adaptive reuse projects.

September 21, 2023 - D Magazine

Large empty office building floor with white walls and grey carpeting

The Death of the Office?

Despite efforts on the part of many employers to bring workers back to the office, office buildings are now the most distressed segment of the commercial real estate market.

July 24, 2023 - Curbed

View of New York City alleyway with outdoor restaurant seating and people walking between brick apartment buildings with fire escapes

As Business Districts Continue to Falter, Mixed-Use Neighborhoods Flourish

While office vacancies remain high and foot traffic sparse in many U.S. downtowns, areas with housing and businesses are more vibrant and desirable than ever.

June 6, 2023 - The Wall Street Journal

Bike Commuter

How Commute Times Impact Office Vacancy

Workplaces that employees can reach more quickly are less likely to have high office vacancy rates, a new analysis finds.

April 11, 2023 - Globe St.

New York City Coronavirus

The Once-in-a-Generation Opportunity to Remake Downtown

Urban cores around the country were transforming into live, work, and play destinations before the pandemic. The pandemic was a setback for this transformation, but it could also be a rare opportunity. It’s up to city leadership to seize it.

January 23, 2023 - The Washington Post

View of the National Biscuit Company Building, 1850 Industrial Street, Los Angeles from the corner of Mateo Street. It has been renovated into lofts, with a restaurant on the ground floor.

Adaptive Reuse No Magic Wand for Post-Pandemic Real Estate Woes

Pre-pandemic housing crisis, meet the post-pandemic office vacancy crisis.

December 27, 2022 - Quartz

Vacant boarded-up storefronts along Powell Street in San Francisco, California.

Planning Year in Review 2022: Downtowns, Transportation, Climate Change

Part two of a review of the major themes, debates, and events of the year in planning that was 2022.

December 19, 2022 - James Brasuell

California Shelter-in-Place

Office Vacancies Could Cost San Francisco $200 Million by 2028

The fiscal toll of the pandemic is only beginning to reveal itself. The challenges presented to growing office vacancy rates are not unique to San Francisco.

November 20, 2022 - Bloomberg

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