https://fortune.com/2024/02/25/office-commercial-real-estate-crisis-doom-loop-conversion-housing-subsidies-demolition/
“At the end of the day, I think the problem is that we have too much office relative to our future needs, and a lot of places have too little housing. So I think one way or another, we’re going to have to turn some of that office space into apartments,” said Van Nieuwerburgh. “That might have to partially happen through demolition. But it would be nice if we could have at least some of it through conversion. It’s sort of the environmentally friendly way to go.”
Sometimes it's even too expensive to turn them into apartments, could just build a whole ass other tower for the cost. Who would have thought that having a giant tower of glass with no areas for recreation and balconies was going to be an overheated waste of space