The rate of office-to-apartment unit conversions has skyrocketed by 357% in just three years, according to data from RentCafe. The move is most likely due to lifestyle changes and remote work accommodations made during the pandemic, creating more questions around what this means for the rental market and commercial real estate. Yahoo Finance Housing Reporter Dani Romero joins the Live show to break down the latest developments in the housing market and the implications it has for consumers and businesses. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The rate of office-to-apartment unit conversions has skyrocketed by 357% in just three years, according to data from RentCafe. The move is most likely due to lifestyle changes and remote work accommodations made during the pandemic, creating more questions around what this means for the rental market and commercial real estate.
Yahoo Finance Housing Reporter Dani Romero joins the Live show to break down the latest developments in the housing market and the implications it has for consumers and businesses.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
Bloomberg
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Bloomberg
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Reuters
(Reuters) -U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the matter said on Thursday. Such a combination would continue the dealmaking spree seen in the North American oil patch in recent months, which has included many of Devon's rivals -- including Exxon Mobil, Chevron and Occidental Petroleum -- making major acquisitions. There is no certainty that Devon and Enerplus will negotiate a deal, the sources said, requesting anonymity because the matter is confidential.
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