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 | Feb 2, 2022
Public works contracting reform advances in New York State
Governor signs bill to form advisory council that will propose policy changes.
Codes and Standards | Feb 2, 2022
Commercial and multifamily construction starts rebounded in 2021
Following COVID uncertainty in 2020, the industry recovered, but still lags 2019 levels.
Codes and Standards | Feb 1, 2022
Biden Administration launches state, local coalition to boost building performance standards
Will focus on energy efficiency and electrification across the buildings sector.
Codes and Standards | Jan 26, 2022
Downtown digital twin to aid Las Vegas in setting policy priorities
Will be used to address energy use, emissions, traffic, parking, noise, and emergency management.
Codes and Standards | Jan 25, 2022
Modeling tool helps compare options for HVAC systems when little known about a building
Compares projected costs and energy usage for all HVAC systems and hot water consumption.
Codes and Standards | Jan 25, 2022
Critics slam proposed revamp of California’s solar net energy metering rate
Could make rooftop solar panels unaffordable for most customers.
Sponsored | Resiliency | Jan 24, 2022
Norshield Products Fortify Critical NYC Infrastructure
New York City has two very large buildings dedicated to answering the 911 calls of its five boroughs. With more than 11 million emergency calls annually, it makes perfect sense. The second of these buildings, the Public Safety Answering Center II (PSAC II) is located on a nine-acre parcel of land in the Bronx. It’s an imposing 450,000 square-foot structure—a 240-foot-wide by 240-foot-tall cube. The gleaming aluminum cube risesthe equivalent of 24 stories from behind a grassy berm, projecting the unlikely impression that it might actually be floating. Like most visually striking structures, the building has drawn as much scorn as it has admiration.
Sponsored | Resiliency | Jan 24, 2022
Blast Hazard Mitigation: Building Openings for Greater Safety and Security
Codes and Standards | Jan 24, 2022
N.Y. governor calls for ban on natural gas in new buildings
Action follows New York City’s ban.
Codes and Standards | Jan 19, 2022
EPA may expand product lineup that can earn WaterSense label
Would include systems that enhance water quality at the tap.
