Why Luxury Amenities Matter for Office-to-Residential Conversions
Posted in News -
Multi-Housing News featured “Why Luxury Amenities Matter for Office-to-Residential Conversions” an article written by OTL’s CEO J. Wickham Zimmerman.
As the U.S. faces a growing housing shortage, particularly in Western cities, office-to-apartment conversions are becoming an increasingly popular solution. In fact, the conversion pipeline has surged, with over 55,000 units planned last year alone, according to RentCafe and Yardi Matrix data.
While local governments are encouraging these conversions to rejuvenate downtown areas, developers must go beyond location to make their properties stand out in a competitive market. The key? Offering high-quality, luxury amenities that enhance the living experience and appeal to today’s discerning renters.
To read the full article, click here.
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