Before the Covid virus changed the face of business and the workplace, new offices were being built at record rates. When remote work suddenly rendered them superfluous, it neatly aligned with a great need for housing of all kinds, creating an ideal scenario for adaptive re-use.
The results are becoming clear: according to a survey recently released by RentCafe, adaptive reuse apartments are increasing faster than new apartments, up by 25% in the last two years compared to the pre-pandemic period. Conversions from office buildings to apartments are at an all-time high, having made way for 11,000 apartments in just the last two years. Additionally, there are 77,000 apartments under conversion, setting up the stage for a boom in adaptive reuse in the upcoming years.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.