What is Adaptive Reuse in Commercial Real Estate? by Kevin Sanz, CCIM, MSIRE

Posted on November 11, 2021

Adaptive reuse refers to the transformation of an existing real estate structure for a new and better use, thereby allowing owners/investors to maximize the value of the underlying real estate and extend the life of its useful purpose. Examples include renovating a shopping center into warehouse space or converting office buildings into multi-family apartments. The costs required for AdRu are far less expensive than those required for new construction, allowing investors the ability to renovate and readapt their properties to keep up with changing demographics and evolving lifestyle trends.

With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email info@orionmiami.com.

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