Converting underutilized office buildings into residential spaces is an emerging solution in U.S. cities to address rising housing demand. A National Bureau of Economic Research (NBER) study found that 11% of office buildings in major cities could be converted, adding up to 400,000 new apartments. Key factors for successful conversions include market demand, building class and location, structural suitability, and supportive zoning regulations. Class B and C office buildings, particularly in downtown areas, are ideal candidates. The trend offers a sustainable way to address housing shortages and revitalize urban spaces. 

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