LA trails only Manhattan in future apartment conversions
Los Angeles leads U.S. adaptive reuse residential conversions with 5,640 planned units, driven largely by office-to-residential projects that reduce construction time and costs.
Hotels are now the hottest real estate for converted housing
Hotels are the leading source of U.S. apartment conversions, outpacing offices because hotels are cheaper and faster to repurpose amid industry pressure.
Resurgent office demand is undermining office-to-residential conversions, creating uncertainty for projects while targeted conversions could still revitalize downtowns and expand housing supply.