There’s a buzz in the real estate industry about converting commercial office space in business districts to residential use—and it’s only getting louder. The pandemic has changed the way we use office space in New York City, among other cities.

Hybrid work remains strong, office tenants want to occupy modern Class A spaces with amenities (albeit less of it), layoffs continue to roll out and construction financing interest rates are at their highest (nearly double from a year ago).

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