A significant percentage of office space in the U.S. remains empty. (Credit: ykvision/Adobe Stock) A significant percentage of office space in the U.S. remains empty. (Credit: ykvision/Adobe Stock)

The White House announced a plan recently to help commercial property owners — with a focus on office space — convert buildings to residential use.

News outlets reported midway through 2023 that roughly 20% of office space in the U.S. remains empty, which is linked to an estimated $1.2 trillion in outstanding office loan dept.

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