When a building's last tenant walks out, it usually spells trouble. For a growing class of investors, it's an opportunity.Office conversions continue to pick up pace as a cadre of buyers bet they can breathe new life into well-located assets. Each cubicle-turned-apartment is less empty space for an office sector that has spent years digging out from the work-from-home era, and core commercial real estate markets are increasingly relying on conversions to eat away at office vacancies.
“We're getting to that point where you see vacant buildings or very low-leased buildings hit the market for conversion, and there's a more active market for those,” said Daniel Vickerman, the head of commercial investment research at Heitman. “That will continue to be a trend.”..
RSK: Office conversions to residential is one reason the sector is improving.
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- - Volume: 26 - WEEK: 19 Date: 5/6/2026 2:59:36 PM -