Federal Issues

White House Aims to Fast-Track Commercial Conversions

November 2, 2023

As reported in the October 30 edition of the REALTOR® Magazine, many urban and rural areas nationwide are plagued by empty commercial buildings, with office vacancies reaching a 30-year high, according to the Council of Economic Advisers.

That’s putting a strain on commercial real estate markets and local economies. A new White House plan seeks to adapt these vacant commercial buildings for residential reuse, which could help answer the desperate call from the real estate industry for more homes.

NAR applauds the Biden administration’s latest effort to support greater affordable housing through converting vacant office and commercial space.



About the GRBOR Market Brief

The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.

*Each month, the numbers reported for the previous month are updated to reflect additional recordings.

About the Greater Rome Board of REALTORS®

The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.

About Georgia Multiple Listing Service

Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.

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