Transforming Vacant Offices into Homes: A New Era for Kentucky Cities

Simply Commercial Real Estate

As Kentucky cities face rising commercial real estate vacancies, innovative solutions are emerging to convert vacant office spaces into residential units. This episode explores the challenges and opportunities of revitalizing urban centers, highlighting local partnerships and projects that aim to address housing demands while preserving historic structures. We also discuss insights from Marcus and Millichap's CEO on the commercial real estate market's recovery, Peachtree Group's milestone in loan originations, and a new commercial development proposal in Zellwood that could reshape the local economy.
Sources:
https://www.lanereport.com/177218/2024/10/commercial-real-estate-creating-new-housing-from-vacant-office-space/
https://finance.yahoo.com/news/marcus-millichap-ceo-believes-worst-230036054.html/
https://www.asianhospitality.com/peachtree-hits-1-billion-in-commercial-real-estate-originations/
https://www.growthspotter.com/2024/10/14/commercial-space-proposed-off-obt-in-zellwood/
Outline:
(00:00:00) Introduction
(00:00:42) Commercial Real Estate: Creating New Housing from Vacant Office Space
(00:02:42) Marcus and Millichap CEO Believes The Worst Damage "Has Already Been Done" To Commercial Real Estate And Upside Is Returning
(00:05:27) Peachtree hits $1 billion in commercial real estate originations
(00:08:28) Commercial space proposed off OBT in Zellwood