Adaptive reuse of office buildings into housing: opprtunities ad risks

What is it about?

One way of reusing vacant offices is conversion into housing. Though conversion can prove to be a successful property strategy, conversions into housing still only occur on a small scale. Reasons for this are i.e. uncertainty about financial feasibility and little knowledge about the opportunities and risks of building conversions. A study of the conversion of 15 office buildings into housing in the Netherlands reveals the drivers, opportunities and risks that arise in the conversion process.

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Why is it important?

The findings show that various legal, financial, technical, functional and architectonic issues define the opportunities and risks of building conversions. These insights can be used to support the decision-making processes for dealing with vacant office buildings in order to minimize the risks and increase the opportunities.