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San Francisco, Other Cities Cut Red Tape to Turn Unused Office Buildings Into Housing ...Middle East
In an effort to encourage the conversion of unused office space into much-needed housing, San Francisco has waived certain planning and building code requirements as well as real estate transfer taxes for downtown conversions that are approved before 2030. (Photo by Jeff Chiu/Associated Press) Nearly a fifth of office space across the country sits empty, a record high vacancy rate that’s expected to keep growing. Seeking both to boost their economies and ease their housing shortages, cities are taking steps to encourage the conversion of unused office space into much-needed housing. They include reductions in approval times, exemptions from affordable housing rules and changes in bui
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