Office Conversion Accelerator News Today

Bushburg plans to convert the skyscraper's offices into residential units.

New York wants to encourage more office-to-housing conversions. But swapping commercial tenants for residential ones isn’t always easy.

In August 2023, New York City Mayor Eric Adams and the New York City Department of City Planning announced three major initiatives to spur the development of housing stock across the city.

There was a changing of the guard at REBNY with Douglas Durst stepping down and Jed Walentas stepping in; he has his work cut out for him.

The Office Conversion Accelerator, launched by Mayor Eric Adams’s administration in August, has 46 buildings enrolled in the program.

It has long been on Mayor Eric Adams’ agenda to convert New York’s derelict office buildings into much-needed housing -- and now, four will yield 2,100 units.

Turning vacant offices into residential buildings could help solve several pressing problems.

Researchers at NYU and Columbia University found that repurposing vacant offices as affordable living spaces could help alleviate housing issues in major cities, including New York City. The National Bureau of Economic Research, who conducted the study, found that 11% of offices across the country could be converted to affordable housing. “We emphasize two key...

Real estate agent Adrienne Roberson shares her thoughts on the City Council's bill to require landlords to pay broker fees in New York City unless the renter has hired the broker.

New York City Mayor Eric Adams and Department of City Planning Director Dan Garodnick, along with other public officials, have announced three initiatives to spur the conversion of vacant office buildings into housing.