Transforming Vacant Offices Into Dynamic Mixed-Use Hubs: Solutions for Unoccupied Buildings in U.S. Downtowns
Unoccupied office buildings in major US cities are sending their downtowns into a so-called “urban doom loop.” With the widespread adoption of hybrid work, the influx of office-goers to central business districts has drastically dwindled. As a result, retail and restaurant businesses in these areas are struggling, urban transit systems are losing ridership, and city governments are grappling with the loss of tax revenue necessary to maintain public safety and sanitation. So, how can cities bring people back into their central business districts? While discussions on transforming offices into housing have given fruition significant city and federal incentives across the United States, what solutions exist for offices that aren't viable for such conversions?
Unoccupied office buildings in major US cities are sending their downtowns into a so-called “urban doom loop.” With the widespread adoption of hybrid work, the influx of office-goers to central business districts has drastically dwindled. As a result, retail and restaurant businesses in these areas are struggling, urban transit systems are losing ridership, and city governments are grappling with the loss of tax revenue necessary to maintain public safety and sanitation. So, how can cities bring people back into their central business districts? While discussions on transforming offices into housing have given fruition significant city and federal incentives across the United States, what solutions exist for offices that aren't viable for such conversions?