[fasteddie]

Regardless of relative value, in most cases it is cheaper to just demolish and rebuild office space than gut + renovate. SROs/boarding house cases make a little more economic sense for these conversions but are more unpopular uses.

[maerF0x0]

Really? Even tall towers? Seems shocking and I'd appreciate a source.

[packetlost]

I mean, think about the layout of the average office space: hundreds of small rooms with big open spaces in the center and large, common bathrooms. The plumbing is the biggest problem to fix, because all of it is buried in walls and extremely difficult to retrofit for individual kitchen + bathrooms space.

[kjkjadksj]

I bet its because the zoning doesn’t allow for it more than anything. You save a ton per unit with not routing plumbing to each