Brief
Don’t Rush the Analysis When Converting a New York Office Building
Two realities are driving New York City’s office-to-residential boom: a growing inventory of underperforming office buildings, and a housing shortage projected to require 560,000-plus new units by 203
Summary
Two realities are driving New York City’s office-to-residential boom: a growing inventory of underperforming office buildings, and a housing shortage projected to require 560,000-plus new units by 2030, according to a 2022 AKRF report prepared for the Real Estate Board of New York.
Against that backdrop, office conversions are being positioned as the next best […]
Source
- Commercial Observercommercialobserver.com
