There are plenty of things that people would be happy to do with cheap urban space in deep/narrow apartment conversions in post-WWII office buildings. I'd enjoy having a workshop and lots of bicycle parking.
The problem is that the current owners of these buildings, as well as their creditors, made plans based on these buildings being expensive urban space. The same is true of city governments, which often have budgets dependent on city center commercial space paying a lot of property taxes. It will take years, and likely lawsuits and ownership changes, for people to accept that prices for these buildings are unlikely to recover.
The problem is that the current owners of these buildings, as well as their creditors, made plans based on these buildings being expensive urban space. The same is true of city governments, which often have budgets dependent on city center commercial space paying a lot of property taxes. It will take years, and likely lawsuits and ownership changes, for people to accept that prices for these buildings are unlikely to recover.