About 28,000 new rental apartments were created in the United States by converting large, former commercial buildings into residential ones from January 2020 through December 2021, a significant increase compared to prepandemic and a decade ago.Old office buildings led the way in what is known as adaptive reuse, according to a new study by RentCafe, a real estate research, listings and property management company, which looked at the conversion of buildings into residences with at least 50 units.
#years #united-states #development #los-angeles #construction #philadelphia #kansas-city #remote-work #office-space #residential
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