"New York City's Office-to-Residence Experiment: A Hail Mary or a Housing Solution? As the city continues to grapple with a chronic housing shortage, New York City has been aggressively converting empty office buildings into apartments in a bid to increase its residential stock. The initiative, which gained momentum after the Covid-19 pandemic forced many companies to abandon their office spaces, has seen a surge in repurposed buildings. However, critics argue that the conversion process is often slow and costly, raising questions about the long-term viability of this approach to addressing the city's housing crisis. Will this novel solution finally provide relief to New York City's beleaguered residents, or will it fall short of expectations?"
Since the Covid-19 pandemic shuttered offices nationwide, New York City has bet heavily on converting empty office buildings into apartments to address its chronic housing shortage. Subscribe to read ...
