Office-to-housing conversions grew 28% last year

Office-to-housing conversions increased 28% last year, with New York City leading the conversion trend, followed by Washington, D.C., and Chicago. This shift reflects changing real estate demand and represents a significant opportunity for construction and renovation work in major markets.

New York City led other cities in converted residential units by a wide margin, followed by Washington, D.C., and Chicago, according to RentCafe.

This story was originally published by Construction Dive.