Tap Hidden Profit Streams In Real Estate Development
Adaptive Reuse Projects
Adaptive reuse refers to repurposing old or underutilized buildings for new uses. This approach not only preserves historical structures but also opens up new revenue streams. For instance, converting an old factory into loft-style apartments or a warehouse into a mixed-use development can attract a diverse tenant base and increase profitability. The Urban Land Institute reports that adaptive reuse projects often yield higher returns compared to new constructions due to lower initial costs and faster project timelines2.