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 | Sep 17, 2019
Zero energy buildings can be constructed with no added upfront cost
ROI can be realized in as little as one year.
Codes and Standards | Sep 13, 2019
Researchers use U. of Arkansas buildings as testbed for CLT panels
Investigation could influence future use of the materials.
Codes and Standards | Sep 13, 2019
At least 30 U.S. cities have adopted stricter building energy codes since 2017
Some followed their states in implementing more robust standards.
Codes and Standards | Sep 12, 2019
Illinois law sets maximum retainage on private projects
The change is expected to give contractors bigger checks earlier in project timeline.
Codes and Standards | Sep 10, 2019
Retreat may be the best option for some coastal communities in face of sea level rise
A new study makes the case for relocating in a "strategic, managed" manner.
Codes and Standards | Sep 9, 2019
Free app calculates maximum allowable heights and areas for buildings
A free app that calculates the maximum allowable heights and areas for buildings of various occupancy classifications and types of construction has been released.
Codes and Standards | Sep 6, 2019
Standard for assessing frame deflection using one component polyurethane foams updated
The standard offers guidance when installing fenestration products.
Codes and Standards | Aug 29, 2019
The high cost of gridlock: $166 billion per year
Growing economy means more jobs, more cars, more hours stuck in traffic.
Codes and Standards | Aug 29, 2019
Industry leaders ask for government help as trades shortage worsens
AGC asks for more funding for education and increased immigration to fill gaps.
Codes and Standards | Aug 29, 2019
Code-conforming wood design guide available
The guide summarizes provisions for the use of wood and wood products in the 2018 IBC.
