Woods Bagot’s Post

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Today’s cities face two unignorable truths: the first is that our spatial needs are evolving more rapidly than our urban fabric, and the second is that our world is experiencing a climate crisis. At the same time, the urban vacancy rates for commercial buildings are high. Office attendance has stabilized at 30 percent below pre-pandemic level and retail foot traffic stands at 10 to 20 percent below1 – leaving a great deal of urban office, entertainment, and retail space empty. The majority of these vacant buildings are Grade B commercial stock, placing them between 70 and 30 years old with floorplates between 10000 and 300000 square feet. Tired and in need of repair, there are some 257,772 examples of this grade of commercial building in New York and Los Angeles alone. The process of weighing the question of what to do with these empty buildings against our need to respond to our expanding spatial needs more sustainably has yielded a common answer: Adaptive reuse. More specifically, that the oversupply of outdated commercial space and undersupply of housing can be easily balanced out by converting the former to the latter. But dare we investigate further, we find the realities of physical, financial, and regulatory constraints lurking just beneath our feet. Code, laws, and economic evaluations – on top of the case-by-case constraints of our buildings and cities – make navigating the complexities of adaptive reuse can threaten its real-world implementation. Read Into the Deep, Woods Bagot's latest #insight, on the Journal here: https://lnkd.in/etH-2rxP #woodsbagot #peoplearchitecture #adaptivereuse #deepfloorplates #architecture

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This article poses some excellent questions about the future of cities given the twin issues of Covid and climate change. Very nicely done Woods Bagot.

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