San Jose boosts incentives to convert offices to housing - San Jose Spotlight
San Jose will offer phased fee and tax waivers to encourage downtown office-to-housing conversions, aiming to convert vacant offices into new residential units.
Hotels are now the hottest real estate for converted housing
Hotels are the leading source of U.S. apartment conversions, outpacing offices because hotels are cheaper and faster to repurpose amid industry pressure.
Resurgent office demand is undermining office-to-residential conversions, creating uncertainty for projects while targeted conversions could still revitalize downtowns and expand housing supply.