In this edition of our Market Brief, we delve into how the Financial District (FiDi) submarket in New York is reshaping its urban landscape by transforming vacant office spaces into residential units. While not new in FiDi - with rising office vacancies due to shifts toward remote and hybrid work, Manhattan is addressing its housing shortage by repurposing underutilized commercial buildings into modern homes.
We also include a review of the associated multifamily performance metrics, across the US, NYC Metro and the Financial District. We appreciate your trust in us as your go-to source for market intelligence. Our goal is to equip you with the critical insights and data necessary to make informed decisions - download the Market Brief below.
