Hammered by some of the worst office vacancy rates in the nation, growing numbers of local landlords are proposing to convert their deserted properties to residences, which could significantly bolster the Bay Area's desperately short housing supply.
Current plans call for transforming offices into more than 1,000 apartments in the South Bay, and at least 500 more residences of varying types are in the works for San Francisco. But with one out of every five local offices now vacant, that could be just the beginning.
Current plans call for transforming offices into more than 1,000 apartments in the South Bay, and at least 500 more residences of varying types are in the works for San Francisco. But with one out of every five local offices now vacant, that could be just the beginning.
About time!
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