Creative Offices Create Value: Transwestern Report
By“Converting retail and industrial properties is a profitable value-strategy,” according to the study.
Houston—Creative office projects are proving to be quite the money-maker, according to Transwestern’s new report, Creative Office Projects: Adaptive Reuse Generates Staggering Returns for Investors. And an increasing number of owners are choosing to capitalize on the big bucks these properties are commanding today.
“The conversion of a property from industrial or retail use to creative office has become an increasingly popular value-add strategy for investors,” Michael Soto, director of research with Transwestern and co-author of the report, said in a prepared statement. Developers are merely giving the people what they want, and what they want is creative office space…
Creative Offices Create Value: Transwestern Report
