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Adaptive Reuse Targets Apartment Buildings

Factories and hotels in particular have been well suited to adaptive re-use, but the office sector has become a target too in the last 10 years.

By Rayna Katz | September 30, 2020 at 07:26 AM

There’s a certain appeal that comes with apartment buildings that were once something else,  such as a hotel or factory. Conversions of all types of commercial properties into multifamily assets have been taking place for at least 70 years but, in the past decade, office buildings have become the darling of adaptive reuse focused on creating homes, according to a new report from RENTCafe Blog.

In a startling jump, the 2010s saw 55 times more old buildings converted to apartment communities compared to the 1950s, according to Yardi Matrix data shared in the report, written by Alexandra Ciuntu.

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