{"id":1004669452,"date":"2023-06-26T04:07:21","date_gmt":"2023-06-26T12:07:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004669452"},"modified":"2026-04-06T00:45:50","modified_gmt":"2026-04-06T08:45:50","slug":"what-hinders-office-space-conversions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/what-hinders-office-space-conversions\/","title":{"rendered":"What Hinders Office Space Conversions?"},"content":{"rendered":"<div id=\"attachment_1004536737\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bright-outlook.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004536737\" data-attachment-id=\"1004536737\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/outlook-brightens-for-cre-capital-markets\/bright-outlook\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bright-outlook.jpg\" data-orig-size=\"820,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bright outlook\" data-image-description=\"&lt;p&gt;https:\/\/unsplash.com\/photos\/1I1akrg6naw&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Image by Ra Dragon via unsplash.com &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bright-outlook.jpg?w=820\" class=\"size-medium wp-image-1004536737\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bright-outlook.jpg?w=300\" alt=\"\" width=\"300\" height=\"220\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bright-outlook.jpg 820w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bright-outlook.jpg?resize=300,220 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Bright-outlook.jpg?resize=768,562 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004536737\" class=\"wp-caption-text\"><em>Image by Ra Dragon via unsplash.com<\/em><\/p><\/div>\n<p>A collision is looming, as a rising tide of conversions of office space into other uses for which there\u2019s more demand meets a broad array of practical obstacles, chief among them local permitting and zoning regulations, the U.S. Chamber of Commerce says in <a href=\"https:\/\/www.uschamber.com\/economy\/the-future-of-the-office-survey\" target=\"_blank\" rel=\"noopener\">The Future of the Office<\/a>, a new survey of CRE professionals.<\/p>\n<p>In fact, zoning and permitting comprise the top factors impeding the ability to convert office space, according to all three types of survey respondents: architects, builders, and owners and managers.<\/p>\n<p>In a prepared statement, Neil Bradley, executive vice president &amp; chief policy officer at the U.S. Chamber of Commerce, said cities that want to adapt and thrive will look to reform their zoning, permitting and environmental reviews to make it easier to convert what would otherwise be vacant office space to retail, hospitality, entertainment space or housing.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/what-makes-a-location-good-for-flex-space-industrious-ceo-weighs-in\/\">What Makes a Good Flex Space Location<\/a><\/p>\n<hr>\n<p>Building layouts and floorplans are the other major category of barriers to office space conversions, the survey says.<\/p>\n<p>The other side of the collision referred to above is the surging demand for office conversions.<\/p>\n<p>Though only roughly one-quarter (24 percent) of owner\/managers see converting office spaces into other commercial uses as a trend in the coming year, more than half (54 percent) of architects do, along with 35 percent of builders.<\/p>\n<p>Indeed, the Chamber of Commerce survey says 71 percent of builders and 68 percent of architects are seeing more requests to convert office space versus just a year ago.<\/p>\n<p>And 40 percent of respondents indicated that half or more of their U.S. properties\/projects have included requests for converting existing office space.<\/p>\n<h2>Plenty of options<\/h2>\n<p>As to <em>what<\/em> all that office space will become, there\u2019s no clear picture yet. The survey found that 30 percent of respondents anticipate conversions into retail space, 23 percent envision hotel\/hospitality space, 22 percent favor multifamily property and 21 percent predict entertainment space.<\/p>\n<p>Finally, the survey also tackled overall <a href=\"https:\/\/www.commercialsearch.com\/news\/as-hybrid-work-expands-coworking-is-no-longer-the-exception\/\">office space design trends<\/a>, noting that spaces will likely become more open and collaborative, and more practical for co-working. Interestingly, a substantial 42 percent of industry professionals think that \u201cdesigning workspaces so companies can rent out space or sublet will be an influential trend in the next year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Architects, builders, owners and managers elaborate on a wide variety of barriers in the latest U.S. Chamber of Commerce survey.<\/p>\n","protected":false},"author":882,"featured_media":1004536737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,23891,21742,21747,21749,51037],"tags":[37231],"class_list":["post-1004669452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-national","category-latest","category-office","category-retail","category-trends","tag-u-s-chamber-of-commerce"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Hinders Office Space Conversions? 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