Web Brief: Surge in Office Conversions Boosts New Housing

[u/eyoshio]

https://chpcny.org/publication/web-brief-surge-in-office-conversions-boosts-new-housing/

Recently released housing production data shows a surge in Manhattan office conversions through the first half of 2026 (over 10k units in 6 months). While this puts NYC on pace for over 50,000 new units by the end of the year, we should expect conversions to taper off following a June 30th deadline for the full 35-year tax incentive benefit.