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New York Seeks To Make Office Building Conversions Easier

Midtown, Lower Manhattan Have Lagged in City’s Pandemic Recovery, Study Says
New York Gov. Kathy Hochul and Mayor Eric Adams have laid out plans to revitalize the city’s economy, including making it easier to convert outdated office buildings. (Andria Cheng/CoStar)
New York Gov. Kathy Hochul and Mayor Eric Adams have laid out plans to revitalize the city’s economy, including making it easier to convert outdated office buildings. (Andria Cheng/CoStar)
CoStar News
December 14, 2022 | 11:49 P.M.

As the pandemic-driven remote working trend has hit midtown Manhattan hard, the state and city want to make it easier to convert outdated office buildings to residential and other uses. The goal is to turn New York commercial areas into so-called 24/7 work, live, play domains.

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