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New York City repurposes vacant offices into thousands of apartments amid housing crisis
Dec 5, 2025, 5:47 PM10
(Update: Dec 5, 2025, 5:47 PM)
business
local
informative
New York City repurposes vacant offices into thousands of apartments amid housing crisis
- New York City is converting empty office buildings into apartments to address high vacancy rates and housing shortages.
- The City of Yes initiative seeks to create up to 80,000 new homes in the next 15 years, involving significant public investment.
- While the conversions are seen positively, experts warn that costs and rental prices may limit their affordability for lower-income residents.
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