the kennelly group

Adaptive Reuse Hotel Conversions Outpaced Office Conversions

While still below the 15-year peak in 2017, conversions are on the rise and closer in line with pre-pandemic levels than in the previous year. However, despite persistently high office vacancy rates and stagnant office building values, hotel-to-apartment conversions are now more common than than office-to-apartment conversions. There are various types of commercial buildings that

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