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Stars aligning for resi conversions

Source: The Real Deal

In one of the great ironies of the pandemic, there is too much office space and not enough housing, yet no scalable way to turn workplaces into homes. So says Moody’s Analytics, at least. It found just 3 percent of New York offices fit the bill for conversion.  The rest are too big, too pricey and too expensive to finance. And that’s without accounting for the headache of zoning. Manhattan’s office vacancy rate hovers around

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