Office-to-residential conversions expected to reach new highs in 2025
archinect.com
This year is shaping up to be a record-setting one in the market for office-to-residential conversions across the country.New data released in a report from RentCafe confirms the growth of the conversion market, which expanded again by 28% last year and has more than tripled since 2022. Conversions have now accounted for 70,770 new units brought increasingly onto markets in the largest U.S. metro areas.New York (8,310 units) was followed by last years leader Washington, D.C. (6,533 units). Los Angeles finished in third place (4,388 units), followed by Chicago (3,606 units); and Dallas (2,752 units). Overall, conversions represent 42% of all the 169,000 apartments emerging from future adaptive reuse projects up from 38% in 2024. Newer office buildings are also seeing an increased share of the market, which RentCafe says will grow by 7% within the next year.Related on Archinect: The architect of New Yorks loft movement has some lessons for would-be conversion architects toda...
0 Comentários ·0 Compartilhamentos ·33 Visualizações