With Midtown Manhattan’s office towers drastically under-occupied as employees work from home during the COVID-19 pandemic, some housing advocates foresee new uses for these spaces.
A study by commercial broker CBRE found that only 10% of Manhattan workers have returned to the office as of Sept. 18. If the number of workers to return to an office setting after the pandemic abates remains significantly lower than it was before the pandemic, these spaces could be a solution to the housing shortage.
Housing advocates would like to see vacant offices converted into new residential projects, especially for affordable housing. Such a movement would require zoning reform and could be accelerated with targeted policy initiatives.
The city already has an example of this concept being implemented in the mid-1990s. The 421-g program, a series of tax breaks for commercial-to-residential conversions, was used to revitalize Lower Manhattan.
Related Stories
Codes and Standards | Apr 11, 2017
2017 National Energy Codes Conference includes code boot camp, PNC Tower tour
The DOE-sponsored event will be held in Pittsburgh July 17-20.
Codes and Standards | Apr 10, 2017
Congressional hearing on skills gap includes look at construction industry
Strategies to boost ranks of construction workers include mentoring programs, increased safety measures, trade group support, and outreach to school counselors.
Codes and Standards | Apr 6, 2017
Product-specific EPDs seen as key aid to earning green building credits
The product-specific EPDs allow designers to more quickly earn a LEED v4 credit in the Materials & Resources category.
Codes and Standards | Apr 5, 2017
Updated AIA Disaster Assistance Handbook released with significant enhancements
Updates provide guidance on how design and construction pros and emergency managers can work together to prepare for and respond to disasters.
Codes and Standards | Apr 4, 2017
Global standards for indoor environmental monitoring under development
Systems and sensors guidelines will be aligned with major green standards.
Codes and Standards | Apr 3, 2017
New standard test method for static loading and impact on exterior shading released
The method provides a standard lab procedure evaluation of ice and snow loads and impacts.
Codes and Standards | Mar 30, 2017
WELL enters strategic partnership with developer of standards and assessment tools
GIGA’s RESET standard and data collection will be integrated into the WELL standard.
Codes and Standards | Mar 29, 2017
Climate-specific code changes target energy savings for tropical zones
Hawaii considers updated 2015 IECC tailored to its climate.
Codes and Standards | Mar 28, 2017
Safety concerns over wood-frame construction raised after Raleigh apartment fire
The unfinished building was destroyed in a five-alarm blaze.
Codes and Standards | Mar 27, 2017
Bills in Maryland Legislature would restrict use of wood in multifamily construction
American Wood Council and design and construction professionals are speaking out against the measure.
