Office conversions most likely in high land cost metros

The contrast between the strong performance of the apartment sector and the weak performance of offices in the last two years has made office-to-residential conversions more viable, but the numbers still don’t appear to stack up in most cities. In fact, counter to what the data suggest, opportunities are likely to arise most in metros where there is low availability of land for ground-up development. Our previous email contained the incorrect publication. We apologise for any inconvenience caused.