Life Science Conversions in Real Estate
1 May 2023
One of the hottest topics discussed in real estate circles today pertains to whether life science conversions can save the perceived imminent obsolescence affecting large swaths of the office sector. Obsolescence is nothing new. Obsolescence, however, in the real estate world, prior to COVID, typically took years to achieve. The prospect of remote work was, no doubt, a growing trend for years. COVID, however, acted as an accelerant the likes of which the real estate sector and, in particular, the office sector had not observed in the career of most real estate professionals.