[observer987]

New York now has the lowest apartment vacancy rates in 50 years. But there’s a lot of empty storefronts and office space for lease - especially in the older office buildings. One could say that those should be fast tracked for conversion to residential properties - but those are a multi-year projects. So no help for housing in the short term.

[anonuser123456]

A lot of commercial property can’t be converted efficiently due to regulatory requirements in how the structures are constructed. It would be better to tear it down in many cases.

[SoftTalker]

Or change the regulations? That seems a lot easier and cheaper?