(BPT) - Across the country, developers are breathing new life into abandoned hospitals, historic churches, vacant offices and deserted malls, transforming these underutilized buildings into apartments, hotels and mixed-use spaces through adaptive reuse strategies.
Adaptive reuse is an attractive option for many developers and building owners and has been steadily gaining popularity over the last couple of decades. According to RentCafe, in 2024 alone, close to 25,000 apartments from adaptive reuse projects were completed in the U.S., representing a 50% increase from the prior year.
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