Adaptive reuse (AdRu) has been garnering headlines for more than a decade and is no longer just about repurposing beautiful historic properties in primary markets. A variety of new projects have surfaced in secondary and tertiary markets, where investors see AdRu as a driver of NOI and yield.
Adaptive reuse projects have the potential to make up a significant percentage of investment activity, like self-storage and other select non-core property types, by 2023. But the commercial real estate industry's understanding of this property segment isn't keeping up with this growth. In this session, attendees will learn:
- How to redefine adaptive reuse
- The new drivers of adaptive reuse activity and how to quantify it
- The importance of local collaboration, and,
- What’s holding adaptive reuse back?
Speaker: K.C. Conway, Director of Research and Corporate Engagement, U of Alabama, CCIM Institute Chief Economist