New Yorkers often joke about living at the office, but new data from the Department of City Planning suggests this could soon be a reality for some.
According to the Gothamist, 64 office owners have shown interest in the Office Conversion Accelerator Program, which facilitates converting offices into residential spaces. This represents an increase in demand since January when City Planning reported 46 offices targeted for residential conversion.
*Article courtesy of Commerical Observer
For more information about New Jersey, Pennsylvania or New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com. WCRE, is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage firm that specializes in healthcare, office, retail, land, industrial, and investment properties.
WCRE is a full-service CORFAC International brokerage, and advisory firm that provides a full range commercial real estate listings, services and property management services for landlords, owners, investors, tenants and more.
As experts in tri-state region, the WCRE team provides ongoing detailed information about commercial properties to our clients and prospects to help them achieve their commercial real estate goals.
The post NYC Offices Turning into Residential Conversions appeared first on Wolf Commercial Real Estate | South Jersey | Philadelphia | NY Metro.