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One in Three Office Buildings are Ripe for Residential Conversion

But there are still obstacles to this process that need to be considered.

By Philippa Maister | May 01, 2023 at 08:17 AM

Up to one in three office buildings in 14 major North American markets could be a candidate for conversion to residential use, according to a study by Avison Young.

The company analyzed 26,000 office buildings, and concluded as many as 8,996 could meet the criteria for conversion in 10 U.S. and four Canadian markets. “We must reimagine how we want to live, work and play. Adaptive reuse is one of the key components of how we do that as a community,” the company stated.

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