For developers considering new uses for beleaguered office properties suffering from low demand, an algorithm could help weed through the headwinds that come along with such conversions.
How an algorithm could help fuel office-to-residential conversion momentum
Push to overhaul underused buildings gains momentum amid widespread valuation decline
By Katie Burke
CoStar News
October 30, 2024 | 11:14 P.M.
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IN THIS ARTICLE
- Properties
- The Helmsley Building
230 Park Ave, New York, NY
- Five Times Square
5 Times Sq, New York, NY
- Companies
- RXR Realty
Real Estate
- Gensler
Professional, Scientific, and Technical Services