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 | Nov 9, 2016
Louisiana flood projections require urgent action, officials say
The 'no net loss’ prediction now seems unrealistic.
Codes and Standards | Nov 8, 2016
American Concrete Institute offers new guide for repair of concrete buildings
The guide provides assistance on assessment and rehab.
Codes and Standards | Nov 7, 2016
The AISC prequalified seismic moment connection standard is now available
You can download the 2016 version for free.
Codes and Standards | Nov 4, 2016
Obama Administration makes a push for denser, more affordable cities
The administration calls for zoning code changes and other measures to create more housing.
Codes and Standards | Nov 3, 2016
OSHA proposes safety standards changes to reduce employer costs
The changes include clarification on excavation standard and reporting job-related hearing loss.
Codes and Standards | Nov 2, 2016
New resources available to reduce plug loads using advanced power strips
A tenant education program can boost efficiency in office buildings.
Codes and Standards | Oct 26, 2016
Design industry lagging in meeting AIA 2030 Commitment goals, says AIA
Only 4% of projects have met the 70% energy savings target.
Codes and Standards | Oct 25, 2016
Concerns over megaquake in Oregon provoke debate over school building standards
According to advocates, communities should consider increased resiliency.
Codes and Standards | Oct 24, 2016
Building energy codes projected to save $126 billion in energy costs from 2010-2040
Commercial and residential structures are both included in the total.
Codes and Standards | Oct 24, 2016
Fall hazards, hazard communication lead 2016 OSHA top violations
The 2016 list bears a strong resemblance to the 2015 list.