Faced with an excess of underused office buildings downtown along with a persisting housing shortage, Washington, D.C., is becoming a leader in office-to-residential conversions.

RentCafe data showed that New York City far outpaced other jurisdictions, with 16,358 conversion units in progress, while D.C. ranked second with 8,479 such units underway.

With office demand sapped by the pandemic, D.C. Mayor Muriel Bowser has focused on residential conversions to incentivize development and draw people to live downtown.

“Every conversion project is such a puzzle.

To make a conversion project successful, “You need the good fundamentals.