Office to Residential Conversions Gain Momentum
Across the U.S., a growing number of cities are embracing the trend of converting underused office buildings into much-needed housing. Sparked by the lasting impacts of remote work and rising commercial vacancies, developers and municipalities are finding creative ways to transform former office towers into modern residential units. One of the most notable examples is New York City’s 25 Water Street—set to become the nation’s largest office-to-residential conversion with over 1,300 new apartments. These adaptive reuse projects not only breathe new life into struggling downtown areas but also help address housing shortages in high-demand urban markets. With supportive zoning changes and tax incentives gaining traction, this trend is reshaping city skylines and offering fresh opportunities for real estate investors and urban planners alike.
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