Transitioning the use of vacant class B and C office space.
Problem Overview
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.
Venture Opportunity
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.
Subject Matter Expert
Do you know everything there is to know about this challenge? We’re always looking for consultants and advisors to help us shape the solution.
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Entrepreneur
Looking to take on this challenge head on and create an innovative company to solve it? Come build with us.
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Corporate Innovator
Is this a challenge in real estate your company wants to be involved in innovating? Let’s partner.
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Other
Looking for other ways to get involved? Let’s connect.
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Our Research
Home Improvement: Secondary Suites
(Part II)
The concept of the secondary suite, a segment tied to home improvement, has deep roots in Canada
