71–80 of 185 posts
Earlier quoted context omitted.
What if the leaders of the company, or company itself, is invested in similar properties?
Do you have any data to show how prevalent this is? I suspect worker retirement plans have more exposure than leaders of companies, and it seems only the largest, most stable and slower growing companies own their own real estate.
The building i currently live in is a 20+ storey apartment block that was made out of a converted office building built in the 60s. Given the housing prices in [checks notes] cities, it feels like a wave of residentializing is on the horizon.
I think most older buildings are able to be converted, but not the new types of commercial buildings.
Earlier quoted context omitted.
Not an expert but I've read it's not easy to add all the necessary plumbing to provide showers and toilets if you redistribute office space into apartments. A lot of times office buildings will have one large bathroom per floor.
It's not easy but it's also just like an ordinary phase of construction. They have to strip it down and replumb it, which in construction also just looks like drilling big holes through the floor. What they're saying is the buildout from commercial to apartments involves more work than the buildout from one commercial client to another.
Also if it is a tension slab you absolutely cannot cut into it.
Earlier quoted context omitted.
What if the leaders of the company, or company itself, is invested in similar properties?
Do you have any data to show how prevalent this is? I suspect worker retirement plans have more exposure than leaders of companies, and it seems only the largest, most stable and slower growing companies own their own real estate.
I've known other smaller companies that owned their own building, but it would be interesting to see how prevalent it is. I suspect it's more common than we think.
Earlier quoted context omitted.
I think most older buildings are able to be converted, but not the new types of commercial buildings.
Why? Does no one like floor to ceiling windows anymore? I’m sorry if I sound sarcastic, it’s a real question. I kind of love the way some offices look on the outside.
Short version:
Commercial buildings are too deep and so you have to do fancy things to give internal apartments natural light and meet building regulations for windows.
Costs will be appended to the workers. I hope we all realize someday how working from home applies further wear & tear to our amenities and homes compared to the office's. Think toilets, sinks, fridges, chairs, doors, floors, etc. I fully advocate for WFH regardless and to even supplement with an option like DeskPass for those that want to take a break from home. But a portion of those former office costs should go t…
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