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New York office buildings ripe for conversion are not marketing their space

Among nearly 30 buildings, only about 1.2 million square feet of convertible space is available for lease
Office availability notably declined in recent quarters as more buildings pursued conversions. (Getty Images)
Office availability notably declined in recent quarters as more buildings pursued conversions. (Getty Images)
CoStar Analytics
March 4, 2025 | 7:15 P.M.

Nearly 30 owners of New York office buildings are actively planning or holding discussions on converting their properties into apartments, with much of that space not being listed on marketplaces like CoStar.

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