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Defaults on commercial real estate loans are rising as many workers stay remote
More than 3% of such loans are now delinquent.
Can empty office space help solve the housing shortage?
Converting offices into apartments comes with challenges.
Downtowns plan for a future with far fewer office workers
In New York City, daily office vacancy rates average about 50%. So it and other cities are trying to attract more visitors by converting office space to housing, improving public transit, and making their streets a destination.
Chicago is turning some of its iconic office buildings into apartments
But adaptive reuse isn’t as simple as swapping out cubicles for beds. Developers often need to charge a lot to make conversions worthwhile.
Some employees are coming back, but there's still a lot of empty office space out there
The commercial real estate market is being forced to adapt. Some buildings offer leasing incentives, others may convert to a different use.
Blackstone bets $7.6 billion that office parks have a bright future
For some businesses, work from home just isn't a thing.
More workers are returning to offices, but downtown? Not so much.
The share of workers staying home due to worries about the coronavirus dropped last month to a pandemic low.
The future of work anywhere: gardens, stores and hotels
The more working at an office becomes a choice, the more workplaces could become a niche consumer product.
Google plans to invest $7 billion in real estate nationwide
CEO Sundar Pichai says the expansion plan is part of the company's efforts to diversify its workforce racially and geographically.
The big empty: San Francisco is sitting on millions of square feet of vacant office space
Which raises the question: Does it look the city's going to ghost itself?