As developers are starting to move forward with plans to convert New York City’s office buildings into residential properties, a pivot touted since the early days of the pandemic, the need for access to adjoining properties for construction will proliferate.

Massimo D’Angelo

In fact, several major landlords have recently capitulated to the current reality of hybrid work—resulting in an office occupancy constant rate at approximately 40% for most companies, coupled with high interest rates and substantial loss in equity—by surrendering the keys to large office buildings to their lenders.

Gregory Wong

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