The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
3. www.SVN.com
Economic
Updates
Provided by
○ According to a recent Rent Cafe analysis,
Office-to-Apartment conversions in major
cities during 2024 are set to quadruple
compared to four years ago. Over 55,000
conversions are in the pipeline for this year,
soaring above the 12,100 converted in 2021.
○ Conversions have steadily increased over the
past four years, reaching 23,100 units in 2022
and 45,200 in 2023. More than 147,000
conversions are planned to take place over the
next few years.
○ Washington, DC, has the largest number of
units planned for conversion from offices this
year, at 5,820. New York is second, with 5,215
apartments under conversion from offices,
followed by Dallas (3,163), Chicago (2,822), and
Los Angeles (2,442).
Office to Apartment Conversions
24. www.SVN.com
Events
& Webinars
TUESDAY
JANUARY 30
Self Storage Product Council Meeting
11:30 AM ET | 8:30 AM PT
WEDNESDAY
JANUARY 31
Property Management Product Council
Meeting
1:00 PM ET | 10:00 AM PT
Date: January 29-February 3, 2024
26. Please visit www.svn.com for more
information on the properties
featured on today’s call and to view all
of SVN’s active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and
your advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
All SVN® offices are independently owned and operated.