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
Digital Twin | May 24, 2021
Digital twin’s value propositions for the built environment, explained
Ernst & Young’s white paper makes its cases for the technology’s myriad benefits.
Office Buildings | May 18, 2021
“The Beam” will be Arizona’s first CLT project
RSP Architects designed the building.
Wood | May 14, 2021
What's next for mass timber design?
An architect who has worked on some of the nation's largest and most significant mass timber construction projects shares his thoughts on the latest design trends and innovations in mass timber.
Office Buildings | Apr 28, 2021
The Salvation Army’s National Headquarters renovation completes
HGA designed the project.
Steel Buildings | Apr 17, 2021
Speed Core wall system is used for the second time in office building in San Jose
The construction method is expected to knock off three months from the project’s schedule.
Office Buildings | Apr 15, 2021
JetBrains St. Petersburg campus to include large, vertically stepped indoor atrium
UNStudio is designing the project.
Office Buildings | Apr 12, 2021
A Fort Myers, Fla., developer finds growth in an office sector that, post COVID, might be catching its second wind
Seagate Development Group has several office projects near completion.
Office Buildings | Apr 7, 2021
Thyssenkrupp’s new HQ will include the tallest elevator test tower in the Western Hemisphere
The facility began construction in August of 2019.
Office Buildings | Apr 5, 2021
FXCollaborative selected to create new lobby, amenity space for 3 Times Square
FXCollaborative designed the original building in 2001.
Office Buildings | Apr 5, 2021
Innovation One completes at University Research Park in Madison, Wis.
Valerio Dewalt Train designed the project.