Office Adaptive Reuse in the Washington Metro Region

Adaptive reuse is an increasingly familiar concept for the real estate industry. Shopping mall conversions into fulfillment centers, repurpose of hotels as apartments—adaptive reuse has proven a viable option for property owners and developers to reposition their assets in response to shifting market conditions and end-user demand.

Across the Washington metro region, an aging office stock, coupled with tenants’ continued pursuit of efficiency and quality, has put upward pressure on overall vacancy rates—a phenomenon that predated the pandemic. As functional obsolescence has made it difficult for some office buildings to compete for today’s tenant demand, interest in both conversions and ground-up redevelopments has surged.