There are wide swaths of dt Manhattan that are completely empty rn. Floors and floors of high rises. A lot of them are on 10 year leases so they’re just being paid still while no one uses them but when they all go up it’s gonna be interesting.
The current corrupt mayor refused to rezone them for residential and did a big RTO campaign that fell flat. They’ll keep them empty even after rents end or try to figure out ways to rent whole floors to the mega rich. They’ll never convert them to normal housing as it will lower the value of their skyscrapers. Instead they’ll continue to lobby for RTO politicians to ensure businesses force back people to work in them.
There are wide swaths of dt Manhattan that are completely empty rn. Floors and floors of high rises. A lot of them are on 10 year leases so they’re just being paid still while no one uses them but when they all go up it’s gonna be interesting.
The current corrupt mayor refused to rezone them for residential and did a big RTO campaign that fell flat. They’ll keep them empty even after rents end or try to figure out ways to rent whole floors to the mega rich. They’ll never convert them to normal housing as it will lower the value of their skyscrapers. Instead they’ll continue to lobby for RTO politicians to ensure businesses force back people to work in them.