New York City leads the nation in office-to-apartment conversions with nearly 16,400 units in the pipeline, fueled by a generous 2024 tax incentive program and a wave of discounted office acquisitions by developers betting on residential repositioning. Analysts note that conversion projects now account for more than a third of new housing in the city and nearly half of all adaptive reuse activity nationally.
Read more: https://www.nytimes.com/2026/08/30/nyregion/nyc-conversions-analysis-pfizer.html
