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How an algorithm could help fuel office-to-residential conversion momentum

Push to overhaul underused buildings gains momentum amid widespread valuation decline
New York City landlord RXR is building upon its office conversion playbook with plans to potentially overhaul its building at 5 Times Square to a residential use. (CoStar)
New York City landlord RXR is building upon its office conversion playbook with plans to potentially overhaul its building at 5 Times Square to a residential use. (CoStar)
CoStar News
October 30, 2024 | 11:14 P.M.

For developers considering new uses for beleaguered office properties suffering from low demand, an algorithm could help weed through the headwinds that come along with such conversions.

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