Whole Life Carbon of Commercial to Residential Conversions

While the dual housing and climate crises are often viewed in opposition, commercial to residential conversions offer a powerful solution to reduce carbon emissions while simultaneously address housing shortages and high office vacancy rates. Conversions are gaining momentum in the commercial real estate sector, supported by a growing number of policy incentives and regulations.

Whole Life Carbon of Commercial to Residential Conversions is a companion report to ULI’s 2023 “Behind the Façade: The Feasibility of Converting Commercial Real Estate to Multifamily,” intended for real estate developers, investors, policymakers, and city planners seeking to align investment strategies with climate goals.