Adaptive Reuse Projects Provide Substantial Returns – D Magazine


“The conversion of a property from industrial or retail use to creative office has become an increasingly popular value-add strategy for investors,” Transwestern’s Michael Soto, director of research in Southern California and co-author of the report, said in a statement. “Two trends are fueling demand for this type of differentiated office product: One, technology, advertising, media and other companies trying to attract millennials are interested in the characteristic features of creative office space—open floor plans, natural lighting, common spaces and amenities such as cafés and rec rooms. And two, tenants are returning to cities, where they can take advantage of live/work/play environments.”

Source: Adaptive Reuse Projects Provide Substantial Returns – D Magazine