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Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by Kapura on Sunday July 23, 2023 @10:20AM (#36835538)
The building i currently live in is a 20+ storey apartment block that was made out of a converted office building built in the 60s. Given the housing prices in [checks notes] cities, it feels like a wave of residentializing is on the horizon.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by bipop5000 on Sunday July 23, 2023 @10:29AM (#36835623)
I think most older buildings are able to be converted, but not the new types of commercial buildings.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by heyoni on Sunday July 23, 2023 @10:56AM (#36835924)
Why? Does no one like floor to ceiling windows anymore? I’m sorry if I sound sarcastic, it’s a real question. I kind of love the way some offices look on the outside.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by kevin_thibedeau on Sunday July 23, 2023 @11:16AM (#36836134)
Large floor plates make it difficult to fit in smaller, affordable apartments with their own windows and full utilization of the interior. The rich already have their dedicated aeries so they don't need to live in a conversion to find large spaces.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by renewiltord on Sunday July 23, 2023 @11:04AM (#36836014)
Here's a quick one https://www.wsj.com/video/series/wsj-explains/what-it-takes-...

Short version:

Commercial buildings are too deep and so you have to do fancy things to give internal apartments natural light and meet building regulations for windows.

Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by mycall on Sunday July 23, 2023 @11:24AM (#36836212)
I don't think the points made in that video will survive long-term. Zoning laws will be forced to change, i.e. minimum parking laws, single zone areas, expensive high-end designs, high-pressure plumbing per residence, lack of use of fiberoptics for sunlight lamps etc. Ideal designs will need to change to accommodate all the empty space that will slowly fall apart without use. I would hate to see all these huge buildings demolished on a shortened lifecycle.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by aborochoff on Sunday July 23, 2023 @10:36AM (#36835715)
There was a good odd lots episode interviewing a developer about what it took to convert an office building to residential in nyc.

Youtube link:

https://youtu.be/aVVwTSsvNZ0

You can also search for the podcast.

Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by lacrimacida on Sunday July 23, 2023 @10:29AM (#36835633)
Whats the layout like? Many office spaces are hard to partition into housing due to not having enough natural lighting, plumbing and other building infra that is built with offices in mind…
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by jayski on Sunday July 23, 2023 @10:25AM (#36835585)
Not an expert but I've read it's not easy to add all the necessary plumbing to provide showers and toilets if you redistribute office space into apartments.

A lot of times office buildings will have one large bathroom per floor.

Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by HWR_14 on Sunday July 23, 2023 @10:27AM (#36835607)
There was a time when many of us on this board lived in buildings without personal bathrooms and only shared facilities. Dorm style housing could work.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by op00to on Sunday July 23, 2023 @11:30AM (#36836268)
For who?
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by navane on Sunday July 23, 2023 @12:06PM (#36836626)
For the Millennials with proper jobs that never could buy a house, still live at their parents, and are inclined to communal ideas that lower the impact of individuals on their environments.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by zeroonetwothree on Sunday July 23, 2023 @11:46AM (#36836420)
Once you are 30+ and have a family it becomes much less acceptable
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by kadoban on Sunday July 23, 2023 @10:31AM (#36835646)
Is it easier than earning nothing because nobody is going to use the building otherwise?
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by simoncion on Sunday July 23, 2023 @11:38AM (#36836346)
That's the wrong question.

The right question is "Is it easier than tearing down the building and building a new one that's designed for residential use in the first place?".

Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by colechristensen on Sunday July 23, 2023 @10:33AM (#36835679)
It's not easy but it's also just like an ordinary phase of construction. They have to strip it down and replumb it, which in construction also just looks like drilling big holes through the floor.

What they're saying is the buildout from commercial to apartments involves more work than the buildout from one commercial client to another.

Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by baremetal on Sunday July 23, 2023 @10:59AM (#36835953)
Drilling big holes, cutting the slab etc.

Also if it is a tension slab you absolutely cannot cut into it.

Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by anotherthrway on Sunday July 23, 2023 @10:48AM (#36835833)
Luxury conversions - 2 apts max per floor? — could address the single shared utility risers/core of the typical office building. Schematically: [ a | util | b ].

Malls are also on the table for conversions these days. That is a much simpler transformation.

Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by claytonjy on Sunday July 23, 2023 @10:54AM (#36835903)
Why are malls simpler to transform? All the malls I'm familiar with have relatively few bathrooms per floor, and huge interiors (low wall:floor ratio) that would seem hard to slice up into apartments.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by jnwatson on Sunday July 23, 2023 @11:11AM (#36836080)
It is far easier to add plumbing to the ground floor of a building. In fact everything is easier if you’re not 1000 feet in the air.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by anotherthrway on Sunday July 23, 2023 @04:24PM (#36839454)
Was discussing the same with dad when walking through a nearly abandoned mall in MD a while ago. Think a sort of gated community - anchor stores can become things like WholeFoods. Reclaiming a ribbon of parking around the mall allows for creating a green zone around the mall and possibly even ‘backyard’ gardens. And as noted by others, it is far more trivial to add the necessary infrastructure to support housing. Natural light is another issue which can be addressed with minor alteration to the external facing walls of stores. Basically you can easily stamp out big studios, merge stores for n-bedrooms, and depending on the structure of the mall possibly even punch through floors for duplexes, etc. These will be luxury units. And the ‘food court’ etc. can form the core of the ‘village’.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by Ekaros on Sunday July 23, 2023 @11:55AM (#36836500)
Don't offices have much more floor height than apartments? So just add stuff in the ceiling or raise the floor and run stuff under there.
Re:Remote Work to Wipe Out $800B from Office Values, McKinse... by supportengineer on Sunday July 23, 2023 @12:42PM (#36837033)
Plumbing and windows are too hard. So, let’s not do it.