Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends.
If you want to charge market rents you’d need to provide private bathrooms. Any apartment without a private bathroom is what we’d call a bedsit in the UK and it could be worth half the rent.
We’re talking about converting unused office space into affordable housing, though. Charging half the rent would qualify it as affordable housing and is still better than no income from an unused building.
If you want to charge market rents you’d need to provide private bathrooms. Any apartment without a private bathroom is what we’d call a bedsit in the UK and it could be worth half the rent.
We’re talking about converting unused office space into affordable housing, though. Charging half the rent would qualify it as affordable housing and is still better than no income from an unused building.