That’s extremely hard but yes, we should/need more conversions to residential, especially in our downtowns.
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We converted the Sears building and the Oakland Tribune press building.
Not easy but can be done.
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You sure? Oakland Tribune building is still office.
The portfolio in early 2020 was about 80% leased, but pandemic fallout cost Highbridge some of its larger tenants, according to Abrams. Today 1500 Broadway remains nearly fully leased, but Tribune Tower and 405 14th are about 60% and 65% leased, respectively. Highbridge is actively seeking new tenants, Abrams told me. Going rents for its properties run between $36 and $72 per square foot, he said.
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Which Sears building? Not the one on Broadway location since that’s still office too. “Uptown Station” https://uptownstationoakland.com/
The one on Telegraph did get converted to residences.
The Telegraph Lofts project consisted of the conversion and renovation of the old Sears Roebuck building located on Telegraph Avenue in Oakland , California.
In above video, Kevin Paffrath of MeetKevin said RE is likely to decline by, base case 10-15% and worse case 20-25% from ATH. He doesn’t think there would be a 2008 type of crash (40-50% price decline).
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Declining Only if a massive 2008 type recession hits. Be careful what you wish for.
Send me a private message. The old Sears store on Telegraph is residential commercial and self storage. The Press building is next to the Tribune tower.
Rent of SFH is lower than the rent of an apartment of the same built in square footage. Move to a SFH 
Kevin Paffrath has sold 20 of his 26 properties and ready to buy in 2023.
They could afford to buy, but opted to rent a four-bedroom home for their family for $2,400 a month. “We’re just not sure if the housing prices will really stay where they are currently. So we didn’t want to buy at the peak and then have them go down in a couple of years,” said Stephanie Murphy, who is 29.
As a landlord, I love this type of sentiment.
“A shortage of single-family properties available for rent has plagued the market, pushing rents up at record-level rates,” said Molly Boesel, principal economist at CoreLogic.
Austin
Yoy market rent increase for…
Leander 78641, 50% 
78759, 30% 
Avery Ranch 78717, 25% 
Pflugerville 78660, 10%
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Wow, I’m surprised home ownership ranks so far above having kids.
Population growth is crashing worldwide and now expected to go negative before 2050. More wealth = more materialism = less focus on family.
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Landlords Ready War Chests to Buy in Cooling US Housing Market
Rental companies see potential discounts ahead from homebuilders as higher mortgage rates sideline regular buyers.
Big and mom&pop land lords have prepared for this “cooling” market. Only first time buyers and renters are affected significantly.
I don’t predict a collapse in RE prices. 90% of current mortgages are below 5%. Today 30 year mortgage rates are over 6% and headed towards 8%. Sellers won’t sell unless desperate. And then they won’t be able to buy except in a much cheaper area. Seller’s reluctance will drive down inventory. Buyers are increasing due to demographics and rising rents. Building will slow down due to inflation and recession. Demand is going up. Supply is going down. Unemployment is historically low. Prices will remain high. Buyers will need more help from parents. Or buyers will double up and share a house.
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I think the risk is if unemployment spikes forcing people to sell. If unemployment stays under 5%, then RE is fine.