CRE 101 Blog

According to a recent RentCafe/Yardi Matrix report, the Atlanta metropolitan area will see 2,239 spaces come to life through office-to-apartment conversion projects, which make up 56% of all adaptive reuse projects underway. That is the sixth most in the country. Boasting a 57% year-over-year increase in office conversions, Atlanta has emerged as a key player in the adaptive reuse landscape. However, only 14.2 million square feet worth of office buildings (6% of the metro’s total office inventory) are deemed suitable for future office-to-apartment conversions. A notable project is the transformation of the building at 2 Peachtree St., which is expected to create at least 200 new apartments within its 890,000 square feet of space.

New York is the leader with 8,310 units, followed by Washington, DC, Los Angeles, Chicago Dallas and Atlanta.

The post Atlanta Ranks Among Nation’s Leaders in Office-to-Apartment Conversions appeared first on Connect CRE.

​  According to a recent RentCafe/Yardi Matrix report, the Atlanta metropolitan area will see 2,239 spaces come to life through office-to-apartment conversion projects, which make up 56% of all adaptive reuse projects underway. That is the sixth most in the country. Boasting a 57% year-over-year increase in office conversions, Atlanta has emerged as a key player in the …
The post Atlanta Ranks Among Nation’s Leaders in Office-to-Apartment Conversions appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News