More than 45 NYC office buildings to become apartments
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.
Source: nypost.com
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Continuing Education: Office Conversions
Turning vacant offices into residential buildings could help solve several pressing problems.
Source: architecturalrecord.com
Study proposes solutions to housing shortages in big cities
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...
Source: nyunews.com
Op-Ed: City Council's Broker Fee Legislation Isn't Just Bad for BK Renters — It's a Harmful Distraction From the Real Causes of the Housing Crisis
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.
Source: bkreader.com
New York City Announces Proposals To Encourage Conversion Of Offices To Housing - Real Estate
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.
Source: mondaq.com