Frida Carlsson, valuer and analyst at Cushman & Wakefield, on the challenges of converting offices into housing.
Image: Istock/Cushman & Wakefield
The Challenges in Converting Offices to Residential
Sweden —
In the United States, there is talk of a "golden ticket" in the real estate market – that is to succeed in finding a vacant office building that can be converted into housing that can provide a lucrative future. The Swedish market hasn't really come that far, but with increasing vacancies in above all the older stock, one can ask – when will it be profitable to convert vacant office space into housing? Nordic Property News enlists the help of Cushman & Wakefield's valuer and analyst Frida Carlsson to dig into that and other issues surrounding office conversions.
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