Bay Area Adaptive Reuse and Office Conversions Summit

What You'll Learn:

What You’ll Learn:

• Discover some of the most noteworthy adaptive reuse projects underway in the Bay Area region.
• San Francisco has adopted an office-to-housing adaptive reuse program to streamline the conversion of vacant office buildings. Learn how this program will affect and incentivize developers to pursue more conversion projects.
• Determine whether an asset is worth converting or if it's better to tear it down and start anew.
  • Identify which specific asset classes, such as offices, hotels, mixed-use developments, or industrial, are being prioritized.
• Gain insights into the step-by-step process of converting an underutilized office building into a residential product, understanding the intricacies involved in the conversion journey.
• Explore the types of buildings that are most amenable to repositioning at a feasible price point and assess the complexities involved in converting them into new, functional spaces.
• Understand the regulatory landscape affecting adaptive reuse projects in the Bay Area and discover how organizations adeptly navigate changes to ensure successful conversions.
• Explore design trends that play a pivotal role in conversion projects, shaping the aesthetic and functional aspects of repositioned structures in the Bay Area.

Relevant Articles to Check Out:

•  Office-to-Housing Adaptive Reuse program to streamline the conversion of Downtown office buildings and developed a transfer tax waiver for conversion projects on the March ballot.
• The tax exemption isn't likely to be used on tall office buildings in the heart of the Financial District, where vacancy recently hit 35%. Instead, older Class-B and C buildings along Market Street, South of Market and in Union Square are more attractive to developers and architects for conversions.
• 21% of California real estate owners and operators planning to redevelop existing office space over the next three years for alternative purposes across multifamily, industrial and retail.

How You’ll Do More Business: 

While the financial aspect of adaptive reuse projects remains a key challenge in 2024, the Bay Area’s record-breaking office vacancy rates have pushed owners and developers to start converting their properties, while numerous non-office adaptive reuse projects are taking place. Join us for an insightful event as our panelists unpack the essential checklist you need to go through before starting a conversion, as well as the unique challenges and opportunities the process poses.

Who You’ll Meet During Networking: 

Owners, developers, investors, brokers, city and government officials, business consultants, architects, engineers, lawyers, accountants, and bankers.

Why You Should Attend This Session: 

Bisnow events bring together the biggest power players in the industry to help you identify opportunities, build your network, and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than we do.

For questions, recommendations, comments, or press inquiries please email our event producer, Bora Altunay, at bora.altunay@bisnow.com. To request disability-related accommodations, please contact thea.parkert@bisnow.com no later than seven business days prior to the event.