Just a quick reminder that Phoenix’s vacant hotels and underused offices are turning into rentals faster than ever. The metro area boasts the 20th biggest pipeline of adaptive reuse apartments, according to RentCafe.com’s latest report . 

LOCAL NEWS: Phoenix housing market outpaces national trends again in 2025

Here’s a quick breakdown:

• The Valley is set to deliver 2,463 apartments through adaptive reuse projects in the years to come.

• The vast majority (70%) are expected from former office spaces.  Across the metro area, seven former office buildings will be repurposed into 1,706 apartments, including 1,183 units in Phoenix.

• The 3 largest projects are Kierland Sky with 420 apartments; the Canyon Corporate Center redevelopment with 376 units; and the Punchcard Buildin

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