© Yuki Iwamura/Bloomberg via Getty Images |
By Alejandra O’Connell-Domenech
Adaptive reuse projects, like turning old hotels and empty offices into apartments, are on the rise. In 2023, 17.6% more apartments were converted from outdated buildings compared to the year before, according to a report from RentCafe. Manhattan is home to the largest number of converted apartments in the country. |