Office buildings were the most repurposed type of buildings into apartments in the United States from 2019 to 2021. The number of converted apartments from office spaces increased from 3,723 to 7,415 in this period, an increase of over 100 percent. Factory buildings and hotels were also commonly adapted into apartments. Following a period of year on year increase, the number of apartment conversions in the U.S. fell dramatically in 2018. In 2021, however, the estimated number of conversions surged to all time highs.
Number of apartment conversions from factories, hotels, and offices in the United States from 2019 to 2021
The source adds the following information: "2021 estimations include completed units through July 2021, as well as projects scheduled to be finalized by the end of the year. Actual conversion completion is subject to change.
Adaptive reuse refers to repurposing an existing building. This study is exclusively based on apartment data related to buildings containing 50 or more units."
Profit from additional features by authenticating your Admin account
Please authenticate by going to "My account" → "Administration".
Then you will be able to mark statistics as favourites and use personal statistics alerts.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
RentCafé. (October 6, 2021). Number of apartment conversions from factories, hotels, and offices in the United States from 2019 to 2021 [Graph]. In Statista. Retrieved January 17, 2022, from https://www.statista.com/statistics/1270188/apartment-conversions-by-building-repurposed-usa/
RentCafé. "Number of apartment conversions from factories, hotels, and offices in the United States from 2019 to 2021." Chart. October 6, 2021. Statista. Accessed January 17, 2022. https://www.statista.com/statistics/1270188/apartment-conversions-by-building-repurposed-usa/
RentCafé. (2021). Number of apartment conversions from factories, hotels, and offices in the United States from 2019 to 2021. Statista. Statista Inc.. Accessed: January 17, 2022. https://www.statista.com/statistics/1270188/apartment-conversions-by-building-repurposed-usa/
RentCafé. "Number of Apartment Conversions from Factories, Hotels, and Offices in The United States from 2019 to 2021." Statista, Statista Inc., 6 Oct 2021, https://www.statista.com/statistics/1270188/apartment-conversions-by-building-repurposed-usa/
RentCafé, Number of apartment conversions from factories, hotels, and offices in the United States from 2019 to 2021 Statista, https://www.statista.com/statistics/1270188/apartment-conversions-by-building-repurposed-usa/ (last visited January 17, 2022)
