Burnham Nationwide, a leading provider of building code consulting and permit expediting services, is pleased to share a useful guide on repurposing office spaces.
Real estate is ever-changing, and such dynamics can alter the business landscape in fundamental ways. The surge in online shopping has left retail spaces struggling with change, while hotels confront the challenge of homeowners leasing their properties as short term vacation rentals
Offices, too, are now facing their own set of challenges. Landlords and building owners have started refurbishing and repurposing unused office spaces into data centers, hotels, most commonly apartments. One of the major reasons for this shift is the pandemic that forced offices to close down and encouraged working from home.
Office spaces can be divided into two categories. The first category of spaces encompasses buildings that have the best amenities, are near public transportation, and have great offerings promoting health and well-being. The second category includes buildings that lack features aligned with the needs of companies. Either way, an increasing percentage of these buildings are becoming unoccupied from early lease termination or non-renewal. The best-case scenario is to refurbish and repurpose these spaces so they do not fall under the obsolete category.
Burnham Nationwide and its team provides building code consulting, permit expediting services, zoning compliance and complimentary services to help landlords with their adaptive reuse projects. This help support commercial become viable real estate with residential units. One of the major reasons is most metropolitan cities lack affordable housing options. Real estate investors are now converting office spaces into residential assets. These conversions are happening across the United States. According to RentCafe Analysis of Yardi Matrix Data, around 10,090 apartments were converted in 2022 alone. The top ten cities that witnessed the trend are Los Angeles, New York, Chicago, Dallas, Philadelphia, Cleveland, Detroit, Houston, Buffalo and Milwaukee. The first four cities have Burnham Offices who are actively involved in adaptive reuse projects.
While all these seem good for landlords and building owners, they also present a lot of challenges. When it comes to rezoning these spaces, there are many factors that the developers and city officials consider before they give the go-ahead. This is where Burnham Nationwide comes into the picture, offering services such as building code consulting, permit expediting services, zoning process compliance, building permit applications, zoning regulations, and legal hurdles. The consultants at Burnham come with extensive experience conducting due diligence analysis for any kind of conversion.
Office-to-residential conversions also require major upgrades in terms of water, electricity, and sewage. Unlike commercial buildings, residential spaces have separate placements for mechanical, electrical, and plumbing components on each floor. Burnham is here to help with the necessary permits to make changes to the utility infrastructure. It knows what policies exist in each jurisdiction in the country and equipped to navigate through the several codes that apply. It can also identify the special permits needed for specific projects and how to steer through the city’s unique requirements, saving time and money for its clients.
To learn more, visit https://www.burnhamnationwide.com/final-review-blog/repurposeoffice.
About Burnham Nationwide
Burnham Nationwide works in over 3,000 cities across the United States, and a diverse client base from Fortune 500 companies to boutique architectural and development firms. We offer a systematic, professional approach that streamlines and navigates the complex planning, submission, and approval process so you don’t have to. With over 30 years of experience in the construction industry, we are the trusted resource for every client and every project. Having obtained over 100,000 permits and licenses nationwide, we have the experience necessary to help with all your permitting and building code needs. Our people, dedication, and passion truly set us apart from the competition. At Burnham, we are committed to “simply getting it done.”
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Media Contact
Burnham Nationwide, Inc.
Address: 111 W Washington St, Suite 1700, Chicago, IL 60602
Phone: 800-407-7990
URL: https://www.burnhamnationwide.com/
Email: getitdone@burnhamnationwide.com
newsroom: news.38digitalmarket.com
Source: 38 Digital Market News
Release ID: 921811
