As the urban landscape continues its makeover, shifting from corporate to community, more office buildings are being converted into apartments, according to a new report from RentCafe.
The report said the number of apartments being transitioned increased from 12,100 to 55,300 from 2021 to 2024.
This growth is occurring, in part, because of the $150 billion in office mortgages due by 2024, according to the report.
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