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Cities can revive and thrive if they open up zoning to allow for mass office to residential conversion. Imagine what converting 50% of NYC offices to residenti
by adam_arthur 4y ago
Cities can revive and thrive if they open up zoning to allow for mass office to residential conversion.
Imagine what converting 50% of NYC offices to residential would do to foot traffic and rents. City living has the potential to be far cheaper than suburban due to economies of scale. They only weren’t prior due to the concentration of high paying jobs, which presumably are going to shift to remote/global and have far less of a concentrated impact on local economies
Before people say it’s not cost viable, it is in many cases, and was already being done precovid.
https://www.washingtonian.com/2022/11/14/dc-area-leads-the-way-in-office-to-apartment-conversions/ https://www.washingtonian.com/2022/11/14/dc-area-leads-the-w...