The French government recently passed a tax measure aimed at encouraging the transformation of vacant offices into housing in Paris. Over 800,000 square meters of office space in the city are reportedly unoccupied. New finance laws for 2016 include a tax measure intended to push commercial property owners to convert offices in Paris into housing. […]

Recent research shows that investment in real estate is driving cities’ economic success rather than just being a consequence of it. Worldwide investment in commercial real estate over the past decade has totaled $4.6 trillion. Half of this has been concentrated in 30 cities.