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Practical Concerns with Adaptive Re-Use Office Projects


Mark L. Elliott

Partner Mark Elliott and JLL’s Liz Koteles are published in the National Real Estate Investor for their article titled, “Practical Concerns with Adaptive Re-Use Office Projects.” They write, “Creative office space is all the rage in the commercial office world, with adaptive re-use offices being a prominent part of that newly popular office class. Such office space, often found in unique parts of cities that have long been abandoned or underutilized, appeals to a younger talent pool because of its novelty. These spaces, which can include old manufacturing facilities and warehouses, are also viewed as environmentally responsible because no new ground is disturbed by their development. As the demand for adaptive re-use space increases, certain challenges unique to this real estate product are emerging. These include leasing, construction and operational and property management-related concerns.”