Commercial property guides

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Repurposing: which spaces are suitable?

A change of use refers to a situation in which property owners intend to use a building or structure differently in the future than originally stipulated in the zoning plan. This may become necessary when the owner’s needs or the requirements for the use change. One common example is the conversion of a department store into an office building. Under certain conditions, residential use may also be an option. In times when housing is scarce and large department stores are closing, the topic of change of use is therefore becoming increasingly relevant for property owners. But what does it actually involve when changing the designated use of a building? We explain which spaces are suitable for repurposing, which legal requirements apply, and how much such a measure can cost.

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Residential to commercial and vice versa: What do you have to consider when changing the use of a property?

A change of use from commercial to residential or vice versa can make sense in many cases. After all, the real estate market is in a constant state of flux. Demand and usage patterns change, especially in economically turbulent times. This demands flexibility from the owners of a property. In this way, it is possible to react to the current trends in real estate use and to increase the Value creation potential of the property can be fully exploited.

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Successful real estate agents attend the Engel & Völkers Academy

With regular seminars, training sessions, and expert lectures on current real estate topics, we support you as an Engel & Völkers employee in achieving your personal career goals. The offerings of our academy are tailored to the needs of successful real estate agents. As you grow with us, we maintain our established high-quality standards.

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Attic: is your conversion approved?

Converting an attic is the most common way to gain living space throughout Germany. Often it is even the only option: in many cities, extensions can no longer be built due to lack of space.

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