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Stock impact report

Too many cubicles, too few homes spur incentives to convert offices to housing [Yahoo! Finance]

Boston Properties, Inc. (BXP) 
Last boston properties, inc. earnings: 4/28 04:49 pm Check Earnings Report
US:NYSE Investor Relations: ir.bostonproperties.com
Company Research Source: Yahoo! Finance
undergoing conversion from commercial to residential apartments in April 2023. States are stepping in with tax breaks and zoning changes to help cities and suburbs replace vacant office space with much-needed housing. (Photo by Bebeto Matthews/The Associated Press) Read more Stateline coverage of how communities across the country are trying to create more affordable housing. HERNDON, Va. — Juan Ramirez, watching his dog play in Chandon Park here in suburban Virginia on a Saturday morning, tries to imagine the massive office buildings next to the park becoming apartments and townhouses. “I guess it's inevitable. People don't use offices as much now. I hope it's affordable. Maybe it'll bring more young people to town, more taxes for parks,” said Ramirez, 38, who grew up in the area and returned recently to take a restaurant management job after living in Minnesota and Ohio. Cities and suburbs around the country are struggling with vacant office space as remote work becomes an e Show less Read more
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