Quote:
Originally Posted by ssiguy
These buildings will see new uses such as post-secondary, small retail/services, studios or even residential. These office buildings may be empty but they are still relatively new which means the building is in good physical shape as is the infrastructure.
These are not abandoned buildings of old cities which often have structural problems and decaying infrastructure so the transition from one use to the other will be both easier and cheaper.
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Eh dunno, I think lower rent office space is the most likely use for most of these. Being cheap is not the only thing that matters, the building still needs to be useable for something.
For the typical suburban office building, you're talking about something like 3-10 floors with large floor-plates. Upper floors are no good for retail and large floor plates are no good for residential (too far from windows) unless maybe you build air-shafts (not free).
For the older formerly cheap and run-down urban buildings, the upper floors typically did not convert to retail either, but residential or just different kinds of office/cultural space, and they typically had smaller floor plates and better locations.
As for post-secondary, that could work, but there's only so much demand for new suburban post secondary campuses.
I might be wrong but I suspect in most cities suburban office space, while it may be cheaper and higher vacancy than urban office space, still doesn't command lower rents than suburban residential, so I don't think we're at the point where they'd bother with the expensive of getting retrofitted into residential space. The location of typical office parks is often not that great for residential, surrounded by parking lots, arterial roads and highways, often with little retail and poor transit. I guess you could try to bring in retail as part of the conversion but the siting of many office buildings is not quite ideal. The ideal location for retail in the suburbs would be along arterials and the office buildings are often a bit tucked behind the arterials along lower traffic volume collector roads.