Real Estate/Development
Jun. 18, 2025
Are condos a solution to underperforming commercial properties?
See more on Are condos a solution to underperforming commercial properties?
Commercial real estate is facing challenging conditions. Between ongoing high office vacancy rates, ever-expanding e-commerce and volatile trade markets, owners of underperforming commercial properties, including office, retail and light industrial spaces, are considering whether commercial condominium conversions to divide their larger rental assets into smaller, saleable units may offer a solution.
While it might sound like a quick fix, depending on the local subdivision process...
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