The office apocalypse will see a wave of buildings demolished or converted to residential, New York City real estate exec says

• The office building apocalypse is still taking shape, according to JLL senior managing director Bob Knakal.
• The top NYC real estate exec thinks offices will be demolished or converted to residential properties.
• That's due to poor lending conditions and waning office demand for older buildings, Knakal warned.

The office apocalypse is real and it's happening in small increments that will eventually lead to a wave of demolished or converted properties, according to JLL senior managing director Bob Knakal.