America’s Empty Offices Could Help Solve Its Housing Shortage

America’s empty offices could help solve its housing shortage

America needs more housing, but not every vacant office can become a home. The case for smarter, more selective office-to-housing conversions.

America's Empty Offices Could Help Solve Its Housing Shortage

America has a housing shortage measured in millions of homes at the same time that nearly one in five square feet of office space sits vacant. Freddie Mac estimated the U.S. housing shortage at 3.7 million units as of the third quarter of 2024, while CBRE reported a national office vacancy rate of…