this post was submitted on 16 Jan 2024
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This. I work in commercial real estate and it’s kind of hard to turn into house. It’s cheaper for them to just knock it down and start over.
The issue is the electricity and plumbing. In a commercial building these tend to run up and down the middle or just one side of the building. Apartments need to equally have access to utilities so they’d had to do a ton of construction to move plumbing and wiring into the correct places.