The Coming Wave of Office to Multifamily Conversions

The Coming Wave of Office to Multifamily Conversions - Swiftlane

The projects collectively reduced office inventory by 16.4 million sq. ft. and added over 14,000 apartment units. Record-low apartment vacancies and sustained, ...

5 Office Conversions Making Waves in 2024 | Planetizen News

All of these developments are turning former office buildings into hundreds of multifamily housing units and mixed-use commercial projects. The ...

Office to Multifamily Conversions | Bala Consulting Engineers

Typical office to multifamily conversion projects involve many potential modifications to the existing building to change space use types from ...

Record Office-to-Apartment Conversions Planned for 2024 - RentCafe

Entering 2024, our cities are riding a wave of change that's been building up for the last four years. ... Paul-Bloomington metro plans 1,334 ...

Converting Offices to Multi-family Properties: Is it Worth it?

This impending wave of maturities, combined with the declining demand and rental incomes, underscores the challenges faced by the office real ...

Record Number of Office-to-Apartment Conversions in 2024

More than 55000 apartments across the U.S. are scheduled for conversion from old office space this year, according to a new report.

Why the momentum for office-to-living conversions is growing - JLL

... wave of asset conversions in Asia ... multifamily buildings, residential development projects are cropping up from Shanghai to New York.

Converting Vacant Office Space Into Housing

The adaptive reuse of underutilized office buildings, if paired with government support and comprehensive planning, might be a valuable tool ...

Converting Offices to Housing: What You Need to Know | US

... convert from office to multifamily for owners or potential new owners. ... The U.S. multifamily market is in the midst of the largest supply wave in modern ...

Developers tackle growing wave of office-to-apartment conversions

“Given the increasing cost of pretty much everything relating to multifamily housing, making marketing spend more efficient when leasing up a ...

Office Crash: Residential Conversions Surge 357% Since 2021

"It makes sense given the wave of expired leases and vacant office buildings," Lambert said. "Developers and cities just need time to figure out ...

Transforming Empty Offices into Homes - Informed Infrastructure

The Biden administration recently introduced initiatives to accelerate conversions of empty offices into affordable housing units.

Real Estate Thoughts: Office to Multifamily Conversion - LinkedIn

One possible way of assessing the current market and create value to an Office Building could be to convert it into Multifamily. In markets ...

The Rise and Fall of Office to Multifamily Conversions: A Real Estate ...

Office-to-multifamily (OTM) conversions is a popular topic in the media, but rare, and unlikely to impact the bottom line of either sector.

A Fresh Look at Office Conversions - NAIOP

The NAIOP Research Foundation has published a report titled “New Uses for Office Buildings: Life Science, Medical and Multifamily Conversions,” by Emil Malizia, ...

Execs Remain Hesitant About Costly Office Conversions - Globest

... conversions in the same financial ballpark as new construction. ... Multifamily Spring is coming to New York City this April 18. This ...

The Push to Convert Empty Offices Into Housing: Will it Work?

While the office vacancy rate lies around 16.9% (a devaluation of $423 billion), vacancy rate for multi-family is at a low of 3.1%. High demand ...

The Potential for Office-to-Residential Conversions | CBCNY

Vacancy rates continued to rise throughout the 1980s, even during periods of economic growth. This wave of speculation ultimately crested and ...

Office-to-Residential Conversions | Old Republic Title

Converting office buildings into residential space provides numerous benefits to developers, property owners, future occupants and the community ...

An In-Depth Look at Multifamily Conversions: Part 1 - Realogic

Then, in the 1980s, a wave of office to residential conversions ... Up Next: Office to Apartment Conversions. That concludes Part 1 of ...