Industry News – "New York leads nation in office-to-resi conversions"

TRD Data – Published June 18, 2025

By Mary Diduch

The Big Apple, which has the largest office market in North America, has some 8,300 units in the pipeline that are being converted from unused office space, according to a report from RentCafe that analyzed office-to-apartment units that are under construction, planned or prospective. Year over year, the city has seen this figure grow 59 percent. Overall, there are more than 15,700 units in the city being converted from all building types, which is also the most in the country.

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