Podcast 55: Why can’t we easily convert office towers to residential apartments?
There are a lot of office vacancies with the work-from-home generation, and we can't build residential properties fast enough. So wouldn't it make sense to convert under-utilized office towers to residential usage?
Municipalities would want it because remote work brings office vacancies, which leads a never-ending cycle of reduced property-tax revenue for cities, fewer amenities as nearby businesses struggle to stay afloat, and more people fleeing downtown areas.
Meanwhile demand for residential properties is far too strong, causing a huge run up in prices. Just look at the average rental rate.
If the basic economic laws of supply and demand are in still in play, then wouldn't it be logical to repurpose empty office towers into residential condos or rental apartments?
Watch this podcast on YouTube:
https://youtu.be/vvKZ1LWb5DA
Schedule a 15-minute Zoom call with Ken:
https://www.broadviewavenue.ca/appointments
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Subscribe now to keep updated for more information. If you want to chat with us, do the following:
Send an email at ken+blog@broadviewavenue.ca; or
Send a direct message on my Instagram account below; or
Book an appointment for a 15-minute video chat using the link on our website.
If you’re not ready to reach out and just want to follow for more, find us online:
YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1
Instagram: https://www.instagram.com/kennethyimhomes
TikTok: https://www.tiktok.com/@kennethyimhomes
LinkedIn: https://www.linkedin.com/in/kennethyimhomes
Facebook: https://www.facebook.com/BroadviewAvenue
Web: http://www.broadviewavenue.ca
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
PODCAST (VIDEO):
PODCAST (AUDIO):
LINKS TO PODCAST:
FOLLOW US HERE:
Web: http://www.broadviewavenue.ca
YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1
Instagram: https://www.instagram.com/kennethyimhomes
TikTok: https://www.tiktok.com/@kennethyimhomes
LinkedIn: https://www.linkedin.com/in/kennethyimhomes
Facebook: https://www.facebook.com/BroadviewAvenue