World Demolish or redevelop?
ESGschedule 07 December 2023
As the Polish property market continues to mature, we will see more and more investment in redevelopment, argues Marcin Juszczyk, chair of the ULI Poland
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According to experts at the Urban Land Institute, changing trends in the office, retail, and hotel markets are making commercial adaptive reuse not just an option, but often a necessity.
In the face of the housing crisis, the possibility of repurposing existing commercial buildings for residential use is receiving increasing attention. The question is: can this approach provide a solution to the housing shortage in appropriate locations, and can it be profitable for developers?
In a comprehensive report, “Behind the Façade”, they analyse the cases of 30 conversions that have taken place in the U.S. in recent years. Their market observations suggest that such
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