Moreover, a 2,000-square-foot commercial building located in the heart of the Big Apple can cost about $4.1 million, as shown again on thisThe block on which the long-vacant St. Louis property sits was declared a decaying area by the St. Louis Planning Commission in 2023, the commercial real estate information news outlet mentioned.the existing building to develop 306 apartments, 300 hotel rooms, and 37,000 square feet of retail, subsequently reducing the office square footage by 1.
US office vacancies hit a fresh peak in the first quarter as needs continued to evolve with hybrid work setups,The AT&T Tower is the second-largest vacant office building in the US, and it has been empty since 2017,Developer NexPoint reportedly paid $125 million for that property in 2018 and planned for it to be the center of a $4 billion life science campus that would include hundreds of apartments and a hotel.
The vast majority of these workers said they were working from home even before the omicron variant started to spread in the US.