Transforming non-residential buildings into residential properties
Project of the research programme "ExWoSt"
On the one hand, a considerable number of vacant non-residential buildings have been recorded in many German cities in recent years accompanied by a decrease in rentability of office space. On the other hand, housing markets have revealed supply bottlenecks resulting in increased rents. In this light, converting non-residential buildings has become increasingly attractive both for municipalities as well as for the real estate and housing industry.