Office and Multi-Storey Industrial Conversion
Office and Multi-Storey Industrial Conversion to Flats is the answer to high vacancy in The Durban CBD
Converting commercial properties into homes is the answer to Durban’s affordable housing shortage, says Durban based Rainer Stenzhorn, Marketing Director of Commercial Property and Marketing Specialist, In2assets. He says, this seems to have become a trend and is welcomed by commercial property owners that cannot attract commercial or industrial tenants, due to poor accessibility, or none existent parking. Rainer says, he has been dealings with more than 38 Durban CBD office blocks and multi-storey factories over the past year, which have been eyed by developers to convert them into residential housing. There’s much more underutilised commercial property available to snap up in the multi-faceted city, he reckons. If you’re looking for a money-making opportunity in Durban property, it sounds like an office/factory-to-home conversion is worth considering.