CBD to TBD: Broadening the Conversation and Reimagining Our Cities

With falling office property values, soaring housing costs, and the ever-growing climate crisis, repurposing vacant office buildings in central business districts into vital residential units seems like the solution everyone is seeking. However, not all office buildings are ripe for conversion into residential units. Recent studies have found that roughly 10 to 25 percent of office assets prove physically feasible for residential conversion. In the face of this challenge, how might we envision alternative uses for these properties? How can we not only breathe new life into underutilized buildings, to ensure the vibrancy of our central business districts, but seize this as an opportunity to support equity and resiliency of our urban landscapes, all while aligning with the financial imperatives of lenders, developers, and landlords? This is not just a question of innovation—it's a policy and design challenge to reimagine our cities for a sustainable future.