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Government Intervention in Commercial Real Estate Market
Potential government interventions in the commercial real estate market could include designing incentives for returning to offices, providing subsidies for converting unused spaces to residential real estate, and implementing regulations to shape the built environment. The commercial real estate market is not solely market-driven but significantly influenced by regulations, such as zoning laws that create value through scarcity. Interventions like incentivizing office space conversion could address the acute need for residential real estate and potentially impact market dynamics.