Office-To-Housing Plays Are Buzzier, But Retail, Hotel Conversions May Become More Common

The strategy of converting aging office buildings to residential has become a growing trend in the D.C. area that can potentially help solve two of the region’s problems: its record-high office vacancy and its need for more housing. 
Adaptive reuse projects also have benefits such as saving time and maintaining the authenticity of a property, according to developers, architects and local officials speaking last week on Bisnow’s Repositioning and Adaptive Reuse digital summit. But they said converting office buildings to other uses also comes with challenges, from the structural layout of the building to the financial feasibility of the project.

Leave a Comment

Your email address will not be published. Required fields are marked *