As of the third quarter of 2023, the highest number of conversion projects in the U.S. were office-to-multifamily projects. The total number of conversion projects aimed at generating housing units from outdated office buildings was ***, representing nearly ** percent of the total conversions. Moreover, a multitude of projects were undertaken to transform offices into life sciences initiatives, totaling ***. Both office-to-hotel and industry conversions contributed more than **** percent, totaling over ** percent. Finally, office-to-mixed-use and other uses accounted for nearly ** percent of ongoing or planned conversion projects.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
CBRE Group. (October 19, 2023). Number of office conversion projects in the United States as of 3rd quarter 2023, by new property type and status [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/1419242/usa-number-of-office-conversions/
CBRE Group. "Number of office conversion projects in the United States as of 3rd quarter 2023, by new property type and status." Chart. October 19, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/1419242/usa-number-of-office-conversions/
CBRE Group. (2023). Number of office conversion projects in the United States as of 3rd quarter 2023, by new property type and status. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/1419242/usa-number-of-office-conversions/
CBRE Group. "Number of Office Conversion Projects in The United States as of 3rd Quarter 2023, by New Property Type and Status." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 19 Oct 2023, /statistics/1419242/usa-number-of-office-conversions/
CBRE Group, Number of office conversion projects in the United States as of 3rd quarter 2023, by new property type and status ÌÇÐÄÆƽâ°æ, /statistics/1419242/usa-number-of-office-conversions/ (last visited July 25, 2026)
Number of office conversion projects in the United States as of 3rd quarter 2023, by new property type and status [Graph], CBRE Group, October 19, 2023. [Online]. Available: /statistics/1419242/usa-number-of-office-conversions/
