(Washington Composite Electric) The crown disease has promoted the working model of home office, and many offices are in a vacant state.The U.S. real estate market has set off a trend of transforming vacant office space into residential units since last year. The units that were transformed by last year were more than doubled than the previous year.
Abrams, general manager of real estate developer Foulger-Pratt, said: "Market response shows that the transformation becomes the value of the apartment, which is greater than the value of the office space."
Many real estate developers have therefore acquired hotels and offices struggling during the epidemic, and launched a series of active activation and reuse projects to transform them into apartments.
A survey by the apartment search website RENTCAFE found that about 20,000 apartment units in the United States last year were converted, which was almost double the previous year.
Abrams said that the transformation office space can also alleviate the problem of affordable housing shortage.He also pointed out: "The slow recovery of the office building market will only make the vacant office building more expensive."
Lawrence Yun, chief economist of the American Real Estate Business Association, said: "From the perspective of us, weJust increase the supply. With more supply, the increase in housing prices will decrease, and the rent will decrease. "
The data from the association shows that although the crown disease epidemic has led to a downturn, the existing houses of the existing houses areThe median price still climbed 15.8%last year.Last month, the supply of houses in the United States had reached a record low, which may exacerbate the crisis of affordable housing shortage before the outbreak of the crown disease.
However, Harden Ren Luo, the urban policy project of the Brucks Society, believes that the transformation of the office space into an apartment must be expensive to renovate, which will push up the rent.Although the expansion of supply helps to alleviate the price pressure in other aspects of the real estate market, this is not a way to solve the crisis.
