Transitioning the use of vacant class B and C office space.
Remote work trends are fueling an 18.3% national office vacancy, making a significant impact on office owners’ bottom line. Downtown Class B vacancy hit 24.0% in Q4 2023, indicating demand for cheap commodity space has evaporated. The housing crisis presents opportunities for conversions to residential, however these are limited by zoning, retrofit constraints, capital intensity, and project timelines. R-LABS wants to help the real estate industry lead the charge on retrofitting vacant class B offices for those who need space in urban centres.
If you’re looking to roll up your sleeves and take your ideas to the next level with an industry-leading strategic partner, we’d love to hear from you for the following roles.