Boston's Transformation: Mapping the Future of Office Conversions
Boston's Transformation: Mapping the Future of Office Conversions
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Boston is tackling high downtown office vacancy rates by incentivizing the conversion of office buildings into residential units through targeted tax abatements. 

 

The city is offering a reduction in the commercial tax rate – in fiscal 2024, $25.27 per $1,000 of assessed value - to the residential rate of $10.90,  with up to 75% available for 29 years. This initiative aims to revitalize downtown, promote affordable housing, and ensure energy efficiency.