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TTwin Cities Businesstcbmag.com

Is It Time to Tear Down Empty Skyscrapers? (opens original article in a new tab)

TL;DR

Empty skyscrapers in the Twin Cities face discussions about demolition due to high vacancy rates and financial pressures, though conversion to residential use remains challenging.

  • Over 25% of Twin Cities offices are vacant due to post-pandemic work-from-home trends
  • Some experts suggest demolition of empty skyscrapers due to high vacancy rates and rising costs
  • Demolition costs vary widely, with estimates up to $1 million per floor or $3-4 per cubic foot
  • Conversion to residential use faces financial challenges due to high construction costs and regulations

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