Login

Where office-to-residential conversion can work in the Greater Toronto Area

CoStar analysis reveals a subset of buildings aligning with both physical feasibility and rental demand
The half-empty office building at 1255 Bay St. has a floor plate size that could work for residential conversion. (CoStar)
The half-empty office building at 1255 Bay St. has a floor plate size that could work for residential conversion. (CoStar)

Lengthy discussions over the past five years have reinforced the notion that office-to-residential conversion is not a broad solution to addressing affordable housing in the Greater Toronto Area. A short list of constraints drives the financial feasibility of building conversions, and most buildings fall out quickly once those constraints are applied.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In