From Desks to Bedrooms: Manhattan’s Office Exodus Accelerates Conversions Introduction Manhattan is witnessing a dramatic office exodus, driven by hybrid work models, corporate downsizing, and shifting demand for commercial real estate. As vacancy rates rise, developers and city planners are turning office towers into residential units, a trend that is reshaping neighborhoods and redefining the […]
25 Water Street Conversion Breaks Ground as NYC’s Largest Office-to-Home Project Introduction Construction has officially begun on 25 Water Street, heralded as New York City’s largest office-to-home conversion. This landmark project represents a strategic approach to addressing office vacancy while meeting housing demand in Manhattan. Developers aim to transform the building’s commercial floors into residential […]