An office vacancy rate of 19.6% illustrates the need for companies, developers, and communities to consider how struggling office buildings can be reused. Skyrocketing office vacancies can drive down rents and values leading to a loss of tax revenue and a loss of government services- a scenario known as the Doom Loop.
This presentation will be a panel discussion with a focus on a three-part strategy for building owners, developers, and communities seeking to develop office reuse strategies that define the office market challenge from a building structure, neighborhood, and parking standpoint, benchmark successful reuse strategies, and recommend action steps tied to developing new office building industry targets, financing building retrofits for new uses, developing cost studies for redevelopment strategies and engagement in place-making to build neighborhoods that support office reuse.
SOLD OUT!
Moderator:
Heather Hiller General Counsel/Senior VP The Daimler Group