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“Commercial Office to Residential Conversions in the Bay Area: What Matters?”


Written by: Juliana Choy Sommer
Published: April 13, 2024
Category: Events

Panel Roundtable

“Commercial Office to Residential Conversions in the Bay Area”

Part of the Priority Architectural Graphic’s Local Leadership Series

Monday, May 20th, 2024 – 1:00 PM PST

 

The “work from home” trend in workforce deployment has forever changed downtowns in most cities, including here in the Bay Area. Commercial office vacancy rates in downtown San Francisco are now approaching 37%,  according to CBRE, reducing property and sales tax revenue, public transportation ridership and property values. We also continue to see a shortage in affordable housing for Bay Area workers and residents. Revitalizing downtown has become a major priority for both private and public sector groups looking to secure San Francisco’s economic ecosystem for the future.

One solution, and a hot topic nationwide, is conversion of office and retail space to residential housing. Join three industry leaders as our panelists, each with their own unique perspective on this issue:

  • Learn about the critical factors impacting building conversion prospects from a construction perspective.
  • Find out how San Francisco has leveraged successful models facilitating conversions and where the city is headed around this topic.
  • Discover how 4 key levers (conversion incentives) can be used to stimulate developer interest in conversion projects.
  • Learn about the economic and socioeconomic benefits of converting space from office to residential uses.

WATCH THE VIDEO:

 

Meet the Panelists

 

 

 

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