flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Number of office-to-apartment conversion projects has jumped since start of pandemic

Multifamily Housing

Number of office-to-apartment conversion projects has jumped since start of pandemic

Apartment conversions from other property types rose 25% in two years, according to data from RentCafe. 


By Peter Fabris, Contributing Editor | November 29, 2022
Image by LEEROY Agency from Pixabay
Image by LEEROY Agency from Pixabay

As remote work rose and demand for office space declined since the start of the Covid-19 pandemic, developers have found converting some offices to residential use to be an attractive option.
 
Apartment conversions rose 25% in the two years since the start of the pandemic, with 28,000 new units converted from other property types, according to a report from RentCafe. By comparison, new apartment volume rose just 10% over the same period.
 
Of the total number of conversions, 11,090 new units are the result of office-to-apartment conversions, which have risen more than 40% between 2020 and 2021, representing an all-time high. An additional 77,000 adaptive reuse units are currently being converted.
 
Washington, D.C., leads the nation in most apartment conversions, with 1,565 new adaptive reuse units in 2020 and 2021—more than double the amount between 2018 and 2019. Overall, Washington, D.C., has 5.6% of the total adaptive reuse projects in the U.S.

Related Stories

| Feb 8, 2012

Nauset completes addition and renovation for Winchester senior living community

Theater, library, fitness center, and bistro enhance facility.

| Jan 3, 2012

Rental Renaissance, The Rebirth of the Apartment Market

Across much of the U.S., apartment rents are rising, vacancy rates are falling. In just about every major urban area, new multifamily rental projects and major renovations are coming online. It may be too soon to pronounce the rental market fully recovered, but the trend is promising.

| Dec 27, 2011

Ground broken for adaptive reuse project

Located on the Garden State Parkway, the master-planned project initially includes the conversion of a 114-year-old, 365,000-square-foot, six-story warehouse building into 361 loft-style apartments, and the creation of a three-level parking facility.

| Dec 12, 2011

Mojo Stumer takes top honors at AIA Long Island Design Awards

Firm's TriBeCa Loft wins "Archi" for interior design.

| Dec 5, 2011

Gables Residential brings mixed-use building to Houston's Tanglewood area

The design integrates a detailed brick and masonry facade, acknowledging the soft pastel color palette of the surrounding Mediterranean heritage of Tanglewood.

| Dec 2, 2011

What are you waiting for? BD+C's 2012 40 Under 40 nominations are due Friday, Jan. 20

Nominate a colleague, peer, or even yourself. Applications available here.

| Dec 2, 2011

Goody Clancy awarded Ohio State residential project

The project, which is focused on developing a vibrant on-campus community of learning for OSU undergraduates.

| Nov 29, 2011

Suffolk Construction breaks ground on Boston residential tower

Millennium Place III is a $220 million, 256-unit development that will occupy a full city block in Boston’s Downtown Crossing.

| Nov 15, 2011

Suffolk Construction breaks ground on the Victor housing development in Boston

Project team to manage construction of $92 million, 377,000 square-foot residential tower.

| Nov 15, 2011

Miller joins Perkins Eastman as regional manager, Middle East and Northern Africa

Miller joins Perkins Eastman with more than 48 years of experience in architecture, design management, and construction administration for planning and infrastructure.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021