At a Record Pace
René Ammann | 28. April 2025
The Economist reports that commercial-to-residential conversions—like CetraRuddy's recent transformation of the JPMorgan Chase building (seen here at center, before conversion) to SoMA—"are now happening at a record pace." (Photo: giggel/Wikimedia Commons)
Price to convert office buildings into flats—rearranging floor plans, plumbing, ventilation, and more: $250 to $650 per square foot (€2,360 to €6,150 per square meter)