Office Buildings

Office Building

6 Key Factors That Make Office Buildings Prime for Conversion

A building’s potential for adaptive reuse is based on a variety of characteristics.

March 8, 2024 - Columbus Business First

View from between tall white brick buildings in evening in downtown Los Angeles with modern office building across street.

Federal Office Conversion Program Slow to Start

To date, no loans have closed through a federal program meant to spur office-to-residential conversions.

March 3, 2024 - Bloomberg CityLab

Aerial view of rooftop of 25 Water Street building in New York City with redevelopment work going on on rooftop.

5 Office Conversions Making Waves in 2024

Adaptive reuse projects are transforming underutilized office space into mixed-use hubs of housing and commerce.

February 27, 2024 - Smart Cities Dive

View from inside York House adaptive reuse building in London.

Adaptive Reuse: The Missing Piece to the Housing Puzzle?

Millions of square feet sit vacant while millions of Americans struggle to find affordable housing. Can reimagining our empty skyscrapers be the key to unlocking both solutions?

February 26, 2024 - Ricardo Brites

Washington D.C. office buildings with river and stone arched bridge in foreground.

DC Issues Draft Adaptive Reuse Regulations

A proposed tax abatement program would promote the conversion of office buildings to housing.

February 9, 2024 - Venable LLP

Workplaces in a modern panoramic office, New York city view from the windows. Open space. Black tables and brown leather chairs. A concept of financial consulting services. 3D rendering.

Record Number of Office-to-Apartment Conversions in 2024

More than 55,000 apartments across the U.S. are scheduled for conversion from old office space this year, according to a new report.

February 7, 2024 - Yield Pro

Three-story modern suburban office building.

Revitalizing Suburban Office Space

Suburban office buildings are also losing tenants, but face some unique challenges compared to their urban counterparts.

February 1, 2024 - Governing

Close-up of glass facade of office building with office furniture visible through the windows.

Office Conversions at Record High

The number of office-to-residential adaptive reuse projects in the works for 2024 is four times as high as in 2021.

January 25, 2024 - Building Design & Construction

Large empty office building floor with columns and golden hour light.

One-fifth of Southern California Office Space is Vacant

Office buildings continue to lose tenants as the remote work trend persists.

January 22, 2024 - Orange County Register

Google street view of multistory white Bridgeview Bank building in Chicago, Illinois.

The Golden Age of Office Conversions

In 2023, there were more than twice as many adaptive reuse projects underway around the country as in prior years.

December 28, 2023 - CoStar News

White round pillars in empty office building with windows across all walls and white floors and ceiling.

Study: Office Conversions One-Third More Affordable Than New Housing

Where conditions are right for office-to-residential adaptive reuse, projects can be completed faster and at a significantly lower cost than new construction.

November 21, 2023 - Smart Cities Dive

Securities and Exchange Commission office in Washington, D.C.

Office Vacancies at Federal Agencies as High as 75 Percent

Many federal agencies are sitting on underutilized buildings, causing a congressional committee to call into question the need for so much real estate.

October 11, 2023 - Smart Cities Dive

View of Austin, Texas skyline with river in foreground during morning golden hour.

Texas Cities’ Office Vacancy Rates Close to Double New York, San Francisco

A glut of office buildings in the pro-development state is leading to some of the highest vacancy rates in the country, even as population growth spikes.

October 10, 2023 - The Wall Street Journal

Historic brick sugar refinery building redeveloped with glass office tower inside and yellow Domino Sugar sign

Former Brooklyn Sugar Refinery Reopens as All-Electric Office Tower

A historic building was reimagined as a 15-story office tower powered by renewable energy.

October 2, 2023 - Untapped Cities

View of downtown Dallas, Texas skyline with skyscrapers against twilight sky.

Adaptive Reuse Successes in Dallas

The rise in office vacancies is fueling a boom in adaptive reuse projects.

September 21, 2023 - D Magazine

Glass office building with multicolored Google logo on Google headquarters campus in Mountain View, California

Google Shifts Real Estate Strategy to Adaptive Reuse

The company is moving away from flashy new campuses in favor of converting existing buildings with interesting histories.

August 11, 2023 - Fast Company

Large empty office building floor with white walls and grey carpeting

The Death of the Office?

Despite efforts on the part of many employers to bring workers back to the office, office buildings are now the most distressed segment of the commercial real estate market.

July 24, 2023 - Curbed

Close-up of two passengers in business clothes sitting face to face on speeding train

Forget the Bean Bag Chair: Workers Just Want Short Commutes

The office amenities of yore are out. Quick, painless commutes are in.

June 15, 2023 - Curbed

Large empty open-plan office with rows of white desks and black chairs under bright fluorescent lighting

How to Make Office Conversions Easier

To encourage more housing production, lawmakers could help make the costly and time-consuming adaptive reuse process easier and more cost-effective.

May 11, 2023 - Next City

Bike Commuter

How Commute Times Impact Office Vacancy

Workplaces that employees can reach more quickly are less likely to have high office vacancy rates, a new analysis finds.

April 11, 2023 - Globe St.

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