A New Beginning
Across the U.S., more than 55,300 housing units are being converted from office buildings, a more than fourfold increase since 2021. New housing also requires services like grocery stores and entertainment venues. As downtowns become less defined by corporations, they have a rare opportunity to reimagine themselves. They can decide who they want to be based on their natural attributes, goals, and the types of people and services they seek to attract.