An Analytical Approach to Reusing Vacant Office Buildings

In this month’s Historic Tax Credit Tool Box article in the Novogradac Journal of Tax Credits, we highlight a common conundrum in today’s real estate market: What to do with underutilized office buildings. In the wake of the COVID-19 pandemic, which drastically increased the rates of remote work, former office buildings are candidates for new uses. Gensler, a global architecture and design firm that Heritage has worked with on many Historic Tax Credit (HTC) projects, developed an algorithm which scores vacant office buildings to identify the best candidates for new life.