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But conversions alone in New York and elsewhere are unlikely to bring back entire downtown neighborhoods, nor will they routinely put a dent in the affordable housing crisis. In a March report, CBRE discovered that office-to-home conversions only represented about 1% of recent multi-family tasks and that, regardless of the hype, that “there’s no evidence” they’ve considerably increased. A key piece of that plan is to rezone elements of midtown Manhattan which at present only allow workplace and manufacturing areas. But with vacancy charges at downtown workplace buildings persevering with to rise, from 12.2% within the fourth quarter of 2019 to 17.8% within the first quarter of 2023, in accordance with the real estate agency CBRE, there’s an urgency to do one thing.
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out for that function, and succeeded in shocking the British early
Elizabeth Town, and commenced the work of plunder and destruction. More than sixty Kentuckians were slain on this battle; amongst whom