Quote:
Originally Posted by chimpskibot
Office Conversion to apt really only makes sense in places like LA, NYC, SF where Price per SQF is so high and demand way outstrips supply. Philly still has empty lots in CC. The cost of conversion is probably on-par with demolition and redevelopment of the lot. On top of that office floorplates end up with really odd floorplans and mainly larger units which are definitely not in-trend at the moment.
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I can't be the only one who also thinks it's a good thing for the city overall to continue to have office space too, right? Should the work from home trends continue to reverse, I'd like us to still have office space available to potentially reabsorb demand. We don't necessarily want a total bedroom community in place of our CBD because many people still need a place to work. We already have a large residential component compared to most downtowns so it's not necessarily
needed.
I'd like to see more creative commercial uses. I'd like to see more targeting for jobs that need large spaces and in person environments. In Philly we have very few large lots and few buildings with large floor plates, so I think it wouldn't be wise to throw them away. Obviously we've seen the surge in life sciences, but not sure how much more is needed