US Office-to-Apartment Conversions Hit New Record: Report

At the beginning of this year, 90,300 apartments were in the process of conversion nationwide, according to RentCafe.

The Peter Cooper Village and Stuyvesant Town apartment complex in New York City on Oct. 18, 2006. Mario Tama/Getty Images

This year is another record year for the conversion of office buildings into residential apartments in the United States, according to a recent RentCafe report.

At the beginning of 2026, 90,300 apartments were in the process of conversion across America—a 28 percent increase from 70,600 last year, according to the March 24 report.

At 47 percent, office conversions now comprise almost half of all adaptive reuse projects nationwide, with the New York metro area leading the way with 16,358 conversions in the pipeline. Washington, D.C., placed second with 8,479 conversions and Chicago third, with 4,360.