{"id":110634,"date":"2020-12-23T00:00:30","date_gmt":"2020-12-23T08:00:30","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=110634"},"modified":"2026-04-21T01:19:20","modified_gmt":"2026-04-21T08:19:20","slug":"philadelphia-scores-second-most-converted-apartment-buildings-in-the-us-85-in-7-decades","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/philadelphia-scores-second-most-converted-apartment-buildings-in-the-us-85-in-7-decades\/","title":{"rendered":"Philadelphia Converts Second Most Old Buildings into Apartments Nationwide"},"content":{"rendered":"

There\u2019s something about old buildings that stand the test of time and rise from the ashes ready to face a new era. With residential conversion projects on the rise in the U.S., a recent study by RentCafe<\/a> showed that, since the 1950s, almost 2,000 old buildings had been transformed into apartment complexes \u2014 including 800 just in the last decade.<\/p>\n

When it comes to the number of projects, 85 Philadelphia buildings converted into apartments <\/strong>means the city is ahead of New York City<\/a> and Los Angeles<\/a> and surpassed only by Chicago<\/strong>. Specifically, with nearly 11,300 new apartments created <\/strong>throughout the last seven decades, RentCafe included Philadelphia<\/a> among the top U.S. cities riding the adaptive reuse wave. The city\u2019s rich history and major economical role as an industrial nexus since the 19th<\/sup> century make Philadelphia the perfect example of how conversion projects help preserve cultural value without disrupting the historic fabric of a community.<\/p>\n

So, to find out more about how one of the oldest cities in the country manages to reinvent itself through adaptive reuse, we turned to Yardi Matrix data.<\/p>\n

<\/div>\n