Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends.
I’m sure there are special cases where residents would need bathroom access directly from their apartment, but are there any good reasons for private bathrooms, other than convenience?
To me, one of the most interesting things about converting non-residential building to residential is the potential for different ways of living. A shared bathroom and kitchen with offices converted into living space surrounding a communal area could lead to a more communal lifestyle for residents.
If you want to charge market rents you’d need to provide private bathrooms. Any apartment without a private bathroom is what we’d call a bedsit in the UK and it could be worth half the rent.
We’re talking about converting unused office space into affordable housing, though. Charging half the rent would qualify it as affordable housing and is still better than no income from an unused building.
I’m sure there are special cases where residents would need bathroom access directly from their apartment, but are there any good reasons for private bathrooms, other than convenience?
To me, one of the most interesting things about converting non-residential building to residential is the potential for different ways of living. A shared bathroom and kitchen with offices converted into living space surrounding a communal area could lead to a more communal lifestyle for residents.
If you want to charge market rents you’d need to provide private bathrooms. Any apartment without a private bathroom is what we’d call a bedsit in the UK and it could be worth half the rent.
We’re talking about converting unused office space into affordable housing, though. Charging half the rent would qualify it as affordable housing and is still better than no income from an unused building.
Would have to be cheap as hell rent to put up with that.
Maybe for college dorms, hostels or halfway houses.
Yea it could definitely work for those but I don’t think it’s limited to those.