Flipping Office Buildings to Residences

17.1% of office spaces in the US are unoccupied. Three regulatory changes that help convert office buildings to residences efficiently are: (1) waiving development impact fees, (2) tax incentives and (3) zoning changes to spur office-to-housing conversions. In Oregon, legislators want to make sure office flipping can happen statewide with  HB 2984 (2023 | OR) that requires cities to allow for office to resident conversions.

Route Fifty | Converting Offices to Housing Is Hard. These Changes Could Make It Easier