By Phoenix Business Journal
Converting vacant high-rise office buildings into dorm-style living for adults could be key to tackling housing affordability struggles while also helping revitalize Phoenix’s downtown, according to a report from Gensler and Pew Charitable Trusts.
Such projects could also present an attractive opportunity for developers who may be wary of traditional office-to-apartment conversion projects, as they offer quick speed to market and lower development costs, the report concluded.
