New York City is transforming vacant office buildings into apartments to address its housing shortage. With Manhattan’s office vacancy at 16.5% and a need for 560,000 new homes by 2030, developers are converting outdated workspaces into residences, particularly in the Financial District, Midtown East, and Brooklyn’s DUMBO. Incentives like the 467-m tax exemption and zoning reforms are driving progress, despite renovation challenges. Featured Projects Manhattan 25 Water Street

It used to be the ultimate guarantee to have a lease with the federal government. These days in Washington, D.C., long centered around federal employment, there's upheaval as Musk’s Department of Government Efficiency (DOGE) slashes office leases and prepares to sell off government properties nationwide. Since February, DOGE has canceled hundreds of leases across major cities. NPR reported that more than $100 million in savings resulted from terminating leases, while DOGE ass

Manhattan’s office market is booming in 2024, with record leasing, AI firm growth, and shifting hybrid work trends reshaping the city.