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Less people in dense Manhattan offices will reduce the value of the real estate. Presumably if it's a long term trend then more of it will convert to be residen
by lars512 6y ago
Less people in dense Manhattan offices will reduce the value of the real estate. Presumably if it's a long term trend then more of it will convert to be residential. This would bring less people by day than full offices, but probably more people by night. It still allows for a pretty vibrant city.
- greenyoda 6y ago> if it's a long term trend then more of it will convert to be residential Converting an office building to residential use isn't easy. For example, you'd have to add water/sewage lines running to each residential unit. Also, in NYC, apartments are required to have a certain number of windows. In a large office building, there can be a lot of floor space that's far from any windows.