Gensler study attempts to optimize office-to-residential conversions using HUD data
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A report from Gensler featuring findings from a careful study of office-to-residential conversions in six different markets. The study was produced with the help of HR&A Advisors, the U.S. Department of Housing and Urban Development (HUD), and two other entities.Four key "levers" that can be used for achieving conversions beyond their current pace. Principal Steven Paynter says: "This study is different. We conducted in-depth research on both the physical realities of downtown buildings and the financial feasibility of conversions. Our approach is grounded in facts real data, real buildings, and real economic conditions so that cities can craft policies that actually work in the real world."There are currently an estimated 70,000 units in the conversion nationwide.
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