Many cities are pleading for office-to-resi conversions as remote work takes over and a housing shortage persists across the country. Most aren’t going as far as Boston is planning.Mayor Michelle Wu has proposed property tax breaks of up to 75 percent over 29 years for downtown office conversions, the Boston Business Journal reported. It’s the first financial incentive the city has proposed providing to office owners.The catch is that it will be a limited time offer.
Source: Boston Proposing Bold Breaks for Office-to-Resi Conversions
