Record Number Of Apartment-Generating Conversions In Works

If the U.S. is to turn around its critical dearth of rental housing units, experts are agreed adaptive reuse projects must be part of the answer. According to a new Adaptive Reuse Report from RentCafe, there is good and bad news on that front.

First, the bad news. The number of buildings that underwent conversion in 2021 and 2022 was not as great as the numbers from 2019 and 2020.