Knocking Down Office Buildings To Build Industrial

How to solve two problems at the same time…too much vacant office space, and not enough industrial inventory so tear down suburban office buildings to create space for new, high-demand industrial product!  In Bisnow August 12, 2021, ‘Developers, including some of the industry’s biggest players, have started buying under-performing, underutilized office and flex buildings to demolish them to make way for new warehouses. The demolitions aren’t cost-prohibitive, experts said, as rising rents make the undertaking worth it for developers in the land-starved market.’ This creates jobs, reduces the office vacancy rates, and provides much-needed industrial product which is the hottest commercial real estate niche today!