Today’s lenders and equity investors are often willing to fund conversions of old office buildings into newly renovated residential buildings. New York City has been the epicenter of such activity. It ...

A 2022 analysis by Cushman & Wakefield estimated that in the U.S., approximately 330 million square feet of office space could become functionally obsolete or stranded by 2030. This risk arises from ...

With 1,320 rental apartments and a host of amenities, 25 Water Street is the country’s largest office-to-residential conversion to date. By Matt Yan Photographs by James Estrin An office building in ...