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New study examines the viability of turning empty office blocks into homes

Aug 9, 2023
The paper considers whether tax breaks might incentivize developers to take on the conversions.
Converting empty office buildings into apartments can add affordable housing, bring more people into downtowns and cut carbon emissions, according to the paper.
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As offices sit empty, some banks are more cautious about commercial real estate loans

Jul 4, 2023
Office building vacancies remain elevated, especially in coastal cities. Lenders worry about developers’ ability to pay back their debt.
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Who still wants a "trophy building"?

Mar 10, 2023
The market for skyscrapers with great views and lush amenities is softening.
Office spaces with amenities like rooftop terraces and kombucha on tap may be on the chopping block for companies trying to rein in costs.
Ludovic Marin/AFP via Getty Images

Companies have another reason to let go of office space: a potential recession

Jul 5, 2022
If the pandemic didn't convince CEOs to get rid of costly in-person work environments, an economic downturn might do the trick.
Occupancy periods in leasing agreements shortened during the pandemic, which could expand the amount of unused office space in a few years' time.
Saul Loeb/AFP via Getty Images

More workers are returning to offices, but downtown? Not so much.

Nov 16, 2021
The share of workers staying home due to worries about the coronavirus dropped last month to a pandemic low.
A few lights are on in a New York City high-rise. Some workers are coming back, but downtowns still have plenty of unused capacity.
Timothy A. Clary/AFP via Getty Images

The future of office working doesn’t have to be all or nothing

Sep 24, 2020
Some companies are opening up office spaces in areas closer to where their employees live.
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Office air quality could be dumbing down workers

Jun 4, 2019
If only we could open those floor-to-ceiling windows.
Employees work in an office in Moscow in 2014.
KIRILL KUDRYAVTSEV/AFP/Getty Images

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PODCAST: Bridging the movie language barrier

Mar 28, 2014
Obamacare reaches another milestone with 6 million enrollees. And you're not crazy, your office really is giving you headaches.