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Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
(www.bloomberg.com)
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this post was submitted on 13 Jul 2023
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That's the problem with office highrises, too - it would take a huge amount of work to install the plumbing necessary for them to become housing.
... and HVAC and power with the internal wall change and sound-insulation.
This simply means it's a question of how far do the values of these buildings need to fall before it is economically viable to perform these massive conversions. Government could certainly incentivize these conversions. Too bad it seems most governments don't care about alleviating the various housing crises.