EP. 1314 U.S. office distress could inspire housing supply shifts in Australia

The PROPERTY DOCTORS, Sydney Australia Novak Properties

Could transforming vacant office spaces into residential properties be the solution to urban housing shortages? Join us for a compelling conversation with Josh Wapshott, as we explore the innovative possibilities of repurposing underutilized commercial buildings in major cities like Sydney and New York. With the COVID-19 pandemic reshaping the way we work, the demand for office space has significantly changed, leaving many office towers empty and primed for a new purpose. Josh shares his expert insights on how cities could breathe new life into these structures, inspiring a potential revolution in urban living.
Discover the dynamics of office space demand and the growing preference for A and B grade offices over their lower-grade counterparts. Josh and I delve into the challenges and opportunities this trend presents, particularly in cities with zoning laws that support converting offices into residential spaces. As hybrid work models become the norm, the potential for repurposing these buildings becomes even more promising. Explore the economic and social benefits that could redefine city landscapes, offering a fresh perspective on urban real estate and the future of work and living spaces.