Repurpose Office
Watch the video to find out more.
In Episode 6 of Sentinel Property Group CEO, Warren Ebert’s, interview with Catherine Cashmore’s Land Cycle Investor, he delves into the complexities of transforming office spaces into residential units. He highlights key issues such as unsuitable floor plates, lack of natural light, and high modification costs.
Regulatory challenges and market realities further complicate these conversions, often making them financially unviable. Warren discusses why many projects stall despite numerous approvals and predicts that many outdated office buildings may face demolition due to unsustainable holding costs, including rates and land tax.
“The changes that you have to do to modify them for residential… but then they’re still not built to purpose.”, he said.
Tune in for an in-depth look at the future of urban redevelopment and the obstacles faced in repurposing buildings.