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Office-to-Residential Conversions Accelerate With $2.1B in Active Projects

Cities offer tax incentives to repurpose obsolete Class B/C office buildings

February 21, 2026|2 min read

Over $2.1B in office-to-residential conversion projects are underway in New York, Chicago, and Washington DC. Cities are offering 15-25 year tax abatements to encourage repurposing of obsolete Class B and C office towers.

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This content is for informational purposes only and does not constitute investment advice. Always consult with qualified professionals before making investment decisions.

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Office-to-Residential Conversions Accelerate With $2.1B in Active Projects

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