Office-to-residential conversions now account for nearly 42% of the 169,000 apartments created from adaptive reuse projects, reflecting a shift towards sustainable urban spaces post-pandemic. The trend has grown significantly, with upcoming conversions increasing from 23,100 units in 2022 to an all-time high of 70,700 in 2025. New York leads with 8,310 units, followed by Washington, D.C. and Los Angeles. Cities are incentivizing these projects, offering tax exemptions and abatements to encourage conversions.

Zoning approval delays can hinder real estate projects, but proactive strategies can help. Engage with local officials to understand their concerns and expedite the process. Thoroughly prepare all documents and plans to avoid hold-ups. Hiring a local consultant familiar with zoning can provide valuable insights and speed up approvals. Sharing experiences on effective strategies for dealing with zoning delays can be beneficial.

Multifamily properties, like apartment buildings and duplexes, offer advantages such as multiple rental income streams, economies of scale, and lower operating expenses. They provide stable cash flow and diversification for investors. Key factors to consider include location, unit count, potential income, and associated costs. Financing options include conventional, FHA, and VA loans. Understanding market conditions and property management is crucial for success.