The Rise and Fall of Office to Multifamily Conversions

The Coming Wave of Office to Multifamily Conversions - LinkedIn

Story: With office vacancy rates nationwide at record highs due to rising remote work policies, we are beginning to see a wave of asset ...

Turning Empty Offices Into Apartments Is Getting Even Harder - WSJ

Column chart showing apartment conversions from offices since 2010. Chart shows a drastic decline in. 6,000. 4,000. 2,000. 0. 2010. '15.

The past and future of non-residential-to-residential conversions in ...

Concerns over rising office vacancy rates and falling office building property values in many urban areas have increased the pressure on cities and ...

Why Office-to-Apartment Conversions are Likely a Fringe Trend at Best

In our analysis, in addition to substantial physical impediments to office-to-apartment conversion, office values and rents would have to drop ...

Commercial to Residential Conversions - Fannie Mae

“Conversions” are defined here as multifamily residential development on a ... rise of e-commerce and the increasing rates at which office workers ...

Residential conversions continue to rise as office values decline

Building an entirely new multifamily project was less expensive than converting an existing office building, development sites for new builds ...

Converting Office to Residential: Is It Possible?

From 2016 to 2021, there were an average of 31 office-to-housing conversions per year, totaling 188 projects, and there were only 217 conversion ...

The Rise of Office-Apartment Trends: A New Era in Real Estate

Since 2016, CBRE reported that 133 office-to-multifamily conversions have created more than 22,000 apartments, with an estimated 31,000 more apartments ...

Offices & Hotels Into Multifamily Communities - X-Caliber Capital

However, creative developers, architects, and cities are using this decline in demand for office and hotel space to repurpose some of these obsolete buildings ...

How Feasible Are Office-to-Residential Conversions? - Pro Builder

Multifamily construction has reached a 50-year high, but according to Dwell, the majority of newly constructed units remain unaffordable.

Office-to-Apartment Conversions – A Good Idea, but Tricky to Pull Off

What makes this achievement so exciting is that it seems to refute the conventional wisdom that office-to-apartment conversions rarely pencil ...

Opportunities and Obstacles When Converting a Building from Hotel ...

With the recent drop in hotel occupancy and office tenants reconsidering ... Similarly, any office building looking to convert to multifamily will need ...

Work, Play, Live: The New Trend in Residential Conversions

Conversely, demand for multifamily housing has risen by 21% over the same period. This shift has opened up opportunities for developers to ...

Converting downtown office into multifamily residential: Let's stop ...

Is the office-to-residential conversion really what's best for our downtowns from a cultural, urban, economic perspective?

Office-to-apartment conversions gather steam | Yield PRO

The greatest challenge is finding buildings suitable for conversion. Office buildings are structurally different from multifamily and the costs ...

Why Are Office Conversion Projects So Tough To Pull Off?

Setting aside the fact that office-to-residential conversions are incredibly expensive and fraught with risk even in the absence of a tight and ...

Impacts of a 357% rise in office-to-apartment conversions

The rate of office-to-apartment unit conversions has skyrocketed by 357% in just three years, according to data from RentCafe.

Why Office to Residential Conversions Will Not Save America's ...

Affordable housing shortages aren't caused by a lack of housing ... Excitement about office to residential conversions is fueled by the notion ...

Exploring Office to Multifamily Conversions in Real Estate

Numerous successful conversion projects demonstrate the potential of repurposing office spaces into multifamily housing. For example, the iconic ...

Office-to-Residential Conversions | Old Republic Title

According to a recent report by real estate research firm, RentCafe®, the list of conversions more than quadrupled over the past four years – ...