In a groundbreaking move, experts have cracked the code on converting empty office buildings into affordable housing, tackling the nation's affordability crisis. A new report by the Pew Charitable Trusts and Gensler, a global architecture firm, outlines a innovative approach to repurpose offices into co-living, dorm-style units, offering a potential solution to the housing shortage.

The model, which features private "micro-apartments" with shared kitchens, bathrooms, and living spaces, could reduce construction costs by 25-35% compared to traditional office conversions. This would make rents affordable for people earning below the area's median income, without requiring hefty security deposits.

Cities like Denver, Seattle, and Minneapolis are prime candidates for this co-living model, with dozens of existing buildings that could be repurposed. The report identifies these cities as having high median rents, elevated rates of homelessness, high downtown office vacancy rates, and minimal barriers to construction.

This solution could be transformative for cities and their residents, helping to address and prevent homelessness, while providing new affordable housing options for a diverse range of people.