Real estate developers want to make offices feel more like home — literally. Throughout 2020 and 2021, 41% of apartment conversions, or taking an existing non-residential building and turning it into apartments, have come out of old office spaces, according to a report from the apartment-search site RentCafe.
That comes out to about 13,250 new rental units built out of ex-offices in the last two years. It’s a form of adaptive reuse, or repurposing an existing building for something new. Read full real estate article here.