Real Estate
CONVERTING OFFICE TO APARTMENT
OFFICE-TO-RESIDENTIAL CHECK
From stranded asset to dream home – the potential is there.
While living space is scarce in many cities, numerous office spaces remain vacant. Converting offices to apartments has enormous potential. In Germany's top seven cities, around 6.7 percent of office space is currently unused. This corresponds to up to 152,000 potential new apartments nationwide. There is also much to be said for this transformation from an ecological and urban development perspective.
LOCATION, LOCATION, THE CRUCIAL QUESTION: IS CONVERTING WORTHWHILE?
Converting office space into residential space is complex. Legal framework conditions, technical requirements, the structural condition, and new usage requirements must be combined with economic feasibility. A key success factor is the location.
Despite possible hurdles, it is still clear that the market needs short- and medium-term solutions for empty office properties. At the same time, the “construction turbo” promises new opportunities for existing buildings, to the benefit of residential construction.
IN DEMAND: NEW MARKETABLE USAGE CONCEPTS FOR THE INDIVIDUAL PROPERTY AND LOCATION.
Are you a property owner? Then you may be faced with the problem of leases not being renewed as there is no demand for your space. That's why you need new strategies and (re)use options for your assets.
Are you a project developer? Then you might consider specifically purchasing vacant office properties to realize new residential or hotel concepts through changes in use.
But existing properties are complex and individual, and project ideas are diverse. Making the right decision requires sound information about opportunities, risks, and implementation costs. What is a possible use? Is the investment profitable? What measures are necessary?
OUR ANSWER: THE OFFICE-TO-RESIDENTIAL CHECK
Our interdisciplinary team of experts in real estate, planning, engineering, construction, and marketing analyzes your property holistically – quickly, concisely, and thoroughly.
Our service promise: we offer you an integrated solution from a single source
- Identify usage potential: location and property analysis including planning feasibility
- Think and act economically: robust usage concept based on the design-to-cost principle, including technical and economic evaluation
- Understanding building and planning law: examination of building law options and approval eligibility
Your result: a reliable basis for deciding on your potential investment.
Interested? Then have the potential of your property examined now.
YOUR BENEFITS WITH US – SECURE TODAY, UNLEASH POTENTIAL TOMORROW
- Fast results: in an average of four weeks, you will know what is feasible and makes sense.
- Low resource expenditure: instead of many interfaces and service providers, you’ll have a holistic solution, an integrated process, and flexible service extension.
- Reduced complexity: from construction costs to renovation measures to exit strategies – one contact for all your questions.
- Planning validation: in-house planning expertise and reliable cost benchmarks mean you receive higher reliability – both technically and economically.
- Connectivity for your goals: whether you develop or sell yourself, we implement your project consistently, from planning to marketing.
IF RESIDENTIAL DOESN'T WORK, WE'LL FIND AN ALTERNATIVE.
Not every property is suitable for residential purposes. Our office-to-residential check indicates this too. In such cases, we develop alternative scenarios – from light refurbishment and densification to demolition and new construction with different uses, such as mixed-use or life science.
Is office-to-residential worthwhile for you? We'll find out for you – the office-to-residential check is worthwhile in any case.
MAKE IT REAL – WITH OUR REAL ESTATE SOLUTIONS FOR TODAY AND TOMORROW
Interested? Feel free to get in touch directly to tell us your preferred date for a non-binding conversation.
We will get back to you.