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The Future of Work Part 1: Get to HQ
The Prof G Pod with Scott Galloway
Can I Convert All This Office Space Into Residential?
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The National Bureau of Economic Research found that office values are likely to remain 39% below pre-pandemic levels. The cost to convert offices to an apartment building could cost about $400 or $500 per usable square foot, which in many cases costs more than building a new development. In 2016 and 2021, only 218 office spaces across the US were converted to other uses.
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