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Downtown Toronto faces a crush of rising office vacancies that could threaten building valuations
(www.theglobeandmail.com)
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this post was submitted on 06 May 2024
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It is. Difficult, time consuming and expensive.
But even with that, I've seen a couple happen that seem to have been sucessful.
It took them almost 3 years between commercial tenants leaving and residential tenants moving in, but it from what I can tell, it appears to have been sucessful.
I actually used to live in a loft that was a former sears warehouse, it was pretty cool. Had lots of character.