Midtown Rezoning Triggers Wave of Mixed-Use Developments Introduction Recent rezoning initiatives in Midtown Manhattan have sparked a surge in mixed-use development, transforming the commercial and residential landscape of the district. City planners aim to address changing market demands, including rising office vacancies, housing shortages, and the need for vibrant, pedestrian-friendly urban environments. Developers are responding […]
Manhattan’s Vacancy Crunch Eases with Rezoning & Conversion Incentives Introduction Manhattan has experienced elevated office vacancy rates in recent years, driven by remote work trends, shifting demand for commercial space, and the lingering effects of the pandemic. Downtown and Midtown areas, in particular, have seen underutilized office buildings, prompting city planners, developers, and policymakers to […]