The cityscape of New York City has long been defined by its towering skyscrapers, many of which were constructed to house the bustling offices of various businesses. However, the COVID-19 pandemic and shifting work trends have led to a surplus of vacant office spaces across the city. In response to this surplus, the idea of converting unused office spaces into multifamily housing units has gained traction. While this approach presents several advantages, it also comes with its own set of challenges and drawbacks. In this article, we’ll explore the pros and cons of converting unused office space in NYC into multifamily housing.
We’ve all heard the inspirational vision: “Imagine walking into a building where the lighting, temperature, and air quality automatically adjust to your preferences. Elevators anticipate your needs, taking you directly to your desired floor. Smart parking systems guide you to an available parking spot. The building even recognizes you as an occupant and adjusts its […]
Share on linkedin Share on facebook Share on twitter Buckle up — CRE property management is about to change forever. Until 2021, the digital transformation of building management has been long on promise, but short on progress. in fact, there are now many digital capabilities embedded in commercial buildings. Over the past decade, every HVAC, […]