ask good if the office buildings be a solution to the housing prices don't re which i'll be back at the top of the hour with more world news followed by the day. i hope to see you then the tips for your package. the road manager code is so cities check on some great cultural memorials to boot travel regarding the not just another day. so much is happening all at once. we take time to understand this is the day i'm in that's look at current use

events, analyzed by experts and critical thing is not just another new. so weekdays on d. w if you live in a city, there's a pretty good chance are living through a housing crisis. rent in the major cities are skyrocketing, and this is happening all around the world. at the same time, housing has grown scarce. some buildings stand empty, downtown signed for it looks like just about any other big city central business district, public leaving high rises to hide and alarming facts. nearly 10 percent of the cities offices are facing other major cities around the globe has you can see rates

that high or even higher. so why don't we just convert empty offices into housing for people worldwide? well many of us are back in the office working from home is here to stay. for instance, 35 percent of us workers who can work from home still do and plenty only come into the office on occasion. but if they can, workspaces are into a new problem. long before the pandemic eating officers were already becoming less desirable. it hasn't been for about the last 10 years. and the trend, the cold flight to quality stephen, painter and architect at one of the world's biggest firms, focuses on adaptive reuse. people, when you're in a lease is an older buildings are going to be less, it will be built because they offer the kind of amenities that kind of locations people. and all these empty officers are in just a waste of space. they mean less rent for owners,

lower tax revenue for cities and the decline of entire neighborhoods. we have beautiful buildings. we have a wonderful plaza as we have sort of all of the physical assets. we just have vacant buildings. and so you don't see that vibrancy used to, you know, kind of look down these key car doors, and you would see just streams of people, you know, coming down the street. and you don't see that as much anymore. really long really is a planner in san francisco, another studio dressing high vacancies almost 95 percent of our tax revenue comes from business tax from downtown, about 80 percent of our g. d. p came from from downtown companies in 2021. it is our economic engine and so it needs to thrive so the city can thrive. roughly one 3rd of offices are vacant in san francisco. the 3rd most expensive housing market in the us. at the same time, the ongoing construction of new housing is causing a whole different host of problems. can struction accounts for 13 percent of global

energy related carbon emissions more than 5 times out of the ocean industry in order to meet climate targets, but also other sustainability targets? we will need to actually stick with what's already built printer, the hug that researches urban sustainability at stock homes, royal institute of technology. even if this new production of housing and buildings is done with very energy efficient and an optimized technologies, this won't be enough. we will also need to reduce the total amount of new production. and this is what brings us to frankfurt. i checked out an ongoing conversion project. an office tower built in the 90s will soon be reborn, is around $150.00 furnished apartments. then you mean all brush the developers regional european head is excited about adaptive reuse? the affordable care act on the side of down to see a i'm getting

a little closet here from the state and husband wouldn't about if it was in the system to put send it to it's right in the sooner. but because i'm going to and bottle files that i was gonna have to keep close in on time, but it doesn't only save on emissions. revamping and office building can be up to 30 percent cheaper and construction can be done in half the time. though that depends on the project, this one wasn't much cheaper than a new build. but speed play the big part of it upside to talk to somebody speakers to for the i can do this, we have a lot if needed me to more picked out a meet. i know i'm getting a hearing from re purposing an old building to serve a new function. it's called adaptive reuse, and can extend to structures life. think of turning old factories into artist slots or warehouses into ubiquitous street food halls. there are plenty of empty offices, hundreds of people need housing. seems like a pretty simple solution, plus it's environmentally friendly. so why isn't this constantly happening?

structure fitting and existing structure is a lot more complicated than planning. everything from scratch. as developers have found out, apartments and officers aren't always a $1.00 to $1.00 fit. it depends on when and where they were built. modern open plan officers weren't built for living in. first you must divide up large areas while ensuring rooms get enough sunlight. and you can just have one big bathroom for a whole floor. each room needs a ventilation seating and power to. and for all, you know, the old building is full of assessments. not every challenge is clear before renovation start. and so he must have shown you about how show other demons questions. give me the fuck. 20 bucks isn't going visual and an engine because we don't know what time he was talking to you. but do some quick, tough guy. he's kind of a pc. looks. stephen painter, the adaptive reuse specialist as you've been developed an algorithm to measure whether offices or good candidates to be reincarnated as housing clinics around the

different aspects. and some of the key ones are things like the distance between the elevators and the windows. the one, your one bedroom apartments have a nice bedroom or a window or a nice living space with a window and then have it, maybe the kitchen and the bathrooms back. that's great. a lot of office buildings actually have way too much space between the elevators and the glazing. to make that happen, this means to end up with shiny new apartments. many conversions essentially rebuild everything except the existing foundations. in facades turns out it's just slightly more complicated than just clearing out some cubicles and throwing up a bit of sheet rock, especially if you like. a luxury anatomy is like bathrooms and every apartment. and window is an every bedroom. these constraints make many offices just too much work to convert according to the painters research. roughly 30 percent of offices are ideal candidates and well not every office building is right per conversion, adding up all of those that wouldn't be a good fit, would still make

a massive difference. if you look at the us market where we're doing a lot of this work is about 100000000 square feet of office space. and if you come by just the vacancy on about 70 percent of that you can create between 6 and 7000000 new homes. but just turning offices into apartments isn't going to be enough. neighborhoods that are just office box can be a bit inhospitable calling with finance barrows by day or thing. it goes to pounds outside of business hours, insurance people live, not just work. there could change that as we saw for ourselves this neighborhood of frankfurt, mito god was developed as a sprawling set of offices in the sixties and seventies. given the wild be creative nickname of the people stopped for office city, but by the mid to thousands, nearly one and 3 of the officers were sitting in faded into the subdivision of mc 14 and was on a 2nd. let me talk to him. you're going to be under

a venture outlining the push to pull up. i go for this is as a dish to us and find somebody if we had what's team development. leah in 2006, the city began converting the empty office towers into housing, creating true mixed use development. now it's filled with places to live shop and go to school will instead of just places to work. frankfurt result in the area and turned parking lots and the green spaces in kindergarten. it brought in developers to build apartments and shots. when they're done, they'll be 6000 apartments here. there's other stuff that may lead them is but mega shifted understanding st. one in the next person was and coughing con cindy because of dr. keith, i'm the 1st to have meetings especially. we took a tour of one of the converted office buildings. a 20 story tower turned into 150 apartments in 2020. its former lights made for some corks. every room has sprinklers and architects built around the load bearing beams, but they both high ceilings and greetings to as you can see,

many of these conversions end up as relatively upscale housing that might take a bit of pressure off the housing market, but it's not going to bring relief to the massive if we want this to be more than just some kind of luxury news, we don't need anything crazy. just a bit of political wealth. the canadian city of calgary, which started working with painter to revitalize its downtown in 2021 is a case in point calgary had about 38 percent but you can see in their office market and i was of the time one of the worst in the well, and they very quickly actually for our program together, which gives you $75000.00 square foot to compare the building and move forward with the red tape out of the way to make these projects move more quickly. the 1st 5 projects and now under construction, represents about $750.00 new homes. and they have 10 more approved patriots. as much of this, housing will be affordable and built with families in mind. thanks to the financial incentives provided by the city. a doctor for use often has even more red tape and

new builds that will have to change if we're going to use this potential to curve emissions. so if you take turns or i am as an example, as a role in the downtown, you cannot renting office space is project is appointed a month that was created in the seventy's and they just never got things is because that was not going to change it on now there's a desperate need to change and that's, that's kind of holding up, which part is happening? such arbitrary regulations are quite common and approval for conversions often takes as long as it would for a new build, even though the structure is already in place. ideally, it'd be the other way around, both legislative and sort of from a governance perspective. we need to think of how, how to actually make it difficult to, for example, tear down a building and build a new building through. so knowing and through harder legislation, but also through self legislation can taxation and financial incentives

frankly, leading the way in germany converting offices for nearly 10000 houses in the last decade. and according to recent studies, there's room for plenty more in cities all over the map. frankfurt did it with careful city planning, like in need of that. plus the more we learned implementing such projects, the greater the savings since that are 1st office conversion projects. i've done well, then, you mean alvarez thinks this firm will focus more on adaptive reuse? many developers have shown interest in these projects in cities like san francisco are supporting office conversions. i don't think that we're now even any way of thinking that we're gonna build, you know, hundreds of thousands of units downtown. but i think it's, you know, part of the solution and is an amazing opportunity to take advantage of these existing assets. be kind of support offered may determine the type of housing we get. flipping offices into housing is clearly no quick fix and it's not going to

solve the global housing crisis overnight. footprint per in calgary, do show it can make cities vastly more livable and it can drastically reduce the environmental impacts of relying solely on new bills. let us know in the comments if your city has started converting officers to housing, don't forget to subscribe. we've got new videos for you every friday the into the conflicts own with the best in here as the munich security company says, cynthia, in security, i'm confident of providing the politicians. the left side of the world reached a dangerous inflection point. my guess is we have the 2nd live experience of the highest levels in the us. nancy pelosi. welcome to

the next d delta extradition . we need to listen to this cultural identity. we just wanted to consider hunters and protest. take us into our own d, w. the get treaties for an exciting hobby and try out to look surprised. hi, i'm chef now. and i'm ready to dive into the hands of human to have you have a one to leave this on port card via included in best deposits from quarter key

indians to keep puzzles that even local press vehicles. we've got a response to this for and unexpected sides of the the, the here at the munich security conference has plenty of in the security and conflict to worry the politicians and next but so how's the world reached a dangerous inflection point? my guess is we have becky's of experience has the highest political levels in the us. she's california congresswoman and former speaker of the house of representatives, nancy pelosi and gaza. the us as one that israel has killed 5 to many palestinians, but is jerusalem listening. how well funding for ukraine, clear the kind of luck in the us congress and this presence of 5 really too old to

run for a 2nd to.