New Uses for Office Space Surging

As the Net transforms where and how we work, the demand for office space, predictably, is lagging. Enterprising developers are looking for new uses -- even for brand new office space that is not filling up. Now legendary Washington, D.C. developer Conrad Cafritz is betting a quarter billion of his own money that he can profit from offering space that can be residential, commercial, or both. "Looking for an apartment? Great, turn the large open area into your living and dining space and the smaller room into your bedroom. Need a small office but want to rent just for a year at a time? Configure the larger area into open-office seating and the smaller room into a private office. 'This building is your home, whether you live or work here,' " he says.
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