Trend
Commercial-to-residential conversions

None
About This Trend
The option to work remotely in the U.S. resulted in a decrease in office space occupancy and turned many downtown areas into ghost towns. As cities and employers continue to struggle to attract office workers to business districts, many communities are considering the potential forcommercial-to-residential conversions. Large-scale conversion of office space to residences is a complex and costly undertaking, but innovations are bringing these costs down. Cities will have to consider how office-to-residential conversions factor into their zoning reform efforts.
Trend Updates
Feb. 26, 2024 — Seismic shift in everyday usage
- More people than ever are using this technology and it is now more evident that it will be part of the ongoing landscape...
Feb. 26, 2023 — Federal Regulations spike Demand
- Because of continued interest in this technology and a favorable environment for growth...
Feb. 26, 2021 — Pandemic recalibrates supply
- People are unable to create and devote time to innovating this critical technology now
Trend Category:
Housing
Timeframe: Act Now
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APA's foresight research is made possible in part through our partnership with the Lincoln Institute of Land Policy.