Is office conversion the answer to the housing shortage? - News Summed Up

Is office conversion the answer to the housing shortage?


Closer to home, office conversion has been slower to catch on - although there are some notable examples. KEVIN STENT/Stuff The Te Kāinga Aroha apartments, which are a joint office conversion project between Wellington City Council and The Wellington Company. It means most developers wanting to build affordable housing are likely to go for this option rather than an office conversion. SUPPLIED Office space conversion is not as easy, or as commercially viable, as people think, Colliers’ Pete Evans says. While there are hints of a trend bubbling away in Wellington, office conversion is currently more of a trendy idea than an actuality in most places.


Source: Stuff February 27, 2021 15:56 UTC



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