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
Giants 400 | Aug 8, 2019
Top 100 Office Sector Engineering Firms for 2019
Jacobs, Burns & McDonnell, WSP, Thornton Tomasetti, and Arup head the rankings of the nation's largest office sector engineering and engineering architecture (EA) firms, as reported in Building Design+Construction's 2019 Giants 300 Report.
Giants 400 | Aug 8, 2019
Top 200 Office Sector Architecture Firms for 2019
Gensler, AECOM, Perkins+Will, Stantec, and HOK top the rankings of the nation's largest office sector architecture and architecture engineering (AE) firms, as reported in Building Design+Construction's 2019 Giants 300 Report.
Giants 400 | Aug 8, 2019
2019 Office Giants Report: Demand for exceptional workplaces will keep the office construction market strong
Office space consolidation and workplace upgrades will keep project teams busy, according to BD+C's 2019 Giants 300 Report.
Office Buildings | Jul 12, 2019
How Millennials, Gen Z, and technology are changing workplace design
In the workplace, the only constant is change.
Office Buildings | Jul 11, 2019
Designing successful workplaces for an unknown future
The traditional model of signing long-term leases, committing extensive capital to an inflexible solution, and then calling it a day is no longer viable.
Office Buildings | Jul 5, 2019
This will become the tallest shipping container building in the world
Patalab is designing the building.
Design Innovation Report | Jun 25, 2019
2019 Design Innovation Report: Super labs, dream cabins, office boardwalks, façades as art
9 projects that push the limits of architectural design, space planning, and material innovation.
Office Buildings | May 29, 2019
Smart buildings can optimize wellness
Employees want wellness initiatives built into their work experience, especially when they’re in spaces that can leave them feeling stiff, stressed, and sick.
Office Buildings | May 29, 2019
HQ2 in cue: Amazon’s Arlington, Va., headquarters has energy-efficient design
With more than two million sf of LEED-certified office space planned, Amazon's new designs for its second headquarters in Arlington, VA, also will have green space, a one-acre park, and bicycle and public transportation access.
Sustainability | May 28, 2019
Carrier’s world headquarters in Florida goes green
The structure is the first commercial building in Florida to achieve LEED Platinum v4 Certification.