ilmscore | Prediction Details
"Economists at Goldman Sachs built a model showing that current prices for struggling office buildings are still too high for conversion to residential use to make sense. They estimate that office prices would need to fall an additional 50% for conversion to housing to be financially feasible, meaning that offices will likely remain underutilized in the near term."
By Patrick Boyle | March 2, 2024 | Pending
From video
The Office Real Estate Crunch! 00:19:39 - 00:20:05
Interpreted Prediction
Office prices need to fall an additional 50% for residential conversion to be financially feasible, leading to continued underutilization of office spaces in the near term.

Prediction Details

Topic
Office Real Estate Conversion

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