Converting office buildings to apartments is cheaper and greener than tearing down old office properties and building new residential buildings.
That may explain why several developers in some large cities have acquired office properties to convert to residential use. It’s a trend that could gain momentum in a post-pandemic environment where vacancies in office towers are on the rise and the prospects for leasing them are not good.
Office towers have advantages for residential conversions. Among them: adequate electricity and plumbing infrastructure, and comfortable ceiling heights for apartments.
Developers in cities including Dallas, Houston, New York, and Salt Lake City have announced office-to-apartment conversions. Most office properties can be converted for residential use, developers say.
Related Stories
Office Buildings | Oct 21, 2021
Swinerton opens new regional headquarters in Charlotte
Redline Design Group designed the adaptive reuse project.
Office Buildings | Oct 18, 2021
Henning Larsen designs new headquarters building for KAB
The project is located in Copenhagen.
Glass and Glazing | Sep 30, 2021
Plans move forward on Central Place Sydney, duel towers with an AI-driven façade system
SOM and Fender Katsalidis are designing the project.
Office Buildings | Sep 29, 2021
Walmart’s new Home Office is the largest mass timber campus project in the U.S.
The project will occupy approximately 350 acres.
Mixed-Use | Sep 28, 2021
BIG designs new Farfetch HQ on the slopes of Leça River in Porto
The project is situated within the larger Fuse Valley site.
Office Buildings | Sep 26, 2021
Not your father’s office: Workplaces showcase their panache
Three recent projects take very different design routes.
Market Data | Sep 1, 2021
Bradley Corp. survey finds office workers taking coronavirus precautions
Due to the rise in new strains of the virus, 70% of office workers have implemented a more rigorous handwashing regimen versus 59% of the general population.
Laboratories | Aug 31, 2021
Pandemic puts science and technology facilities at center stage
Expanding demand for labs and life science space is spurring new construction and improvements in existing buildings.
Giants 400 | Aug 30, 2021
2021 Giants 400 Report: Ranking the largest architecture, engineering, and construction firms in the U.S.
The 2021 Giants 400 Report includes more than 130 rankings across 25 building sectors and specialty categories.
Laboratories | Aug 30, 2021
Science in the sky: Designing high-rise research labs
Recognizing the inherent socioeconomic and environmental benefits of high-density design, research corporations have boldly embraced high-rise research labs.