Architects are cutting big holes in the middle of skyscrapers and adding more floors to turn empty NYC offices into apartments

Tech Insider : Economy
Mayor Eric Adams and Richard Coles, Founder and Managing Partner at the Vanbarton Group, are pictured as they tour a new apartment at building located at 160 Water Street in downtown Manhattan in March 2023.
Mayor Eric Adams, right, and Richard Coles, the founder and a managing partner at the Vanbarton Group, tour a new apartment at building located at 160 Water Street in downtown Manhattan in March.

Luiz C.

Workers in Seoul have ditched remote working. Now the capital has the strongest office market in the world.

Tech Insider
View over busy Gangnam district at dusk. Seoul. South Korea.
Most office buildings in Seoul are full again thanks to white-collar workers returning to the office.

Avalon / Getty

There's a new theory that Adam Neumann will buy back WeWork

Tech Insider
WeWork cofounder Adam Neumann

Shahar Azran/Getty Images

‘Super commuting’ is on the rise — and that spells big trouble for mid-size cities

Tech Insider : Economy
A businessman in a tan suit with a green rolling suit case stands in front of the silhouette of tall buildings with yellow illuminated windows. There is a red car on his left and a subway train on his right. A white and orange plane soars over his head.
Thank to the flexibility of hybrid work, some Americans are commuting 7.5 hours to work — one way.

Arantza Pena Popo

Joe Biden wants more people to start living in empty offices

Tech Insider
The exterior of 160 Water Street, a former office building that's undergoing full reconstruction to hold almost 600 apartments at market price.
160 Water Street in lower Manhattan is being converted into almost 600 apartments.

Lev Radin/Getty Images

Distressed commercial real estate debt hit $80 billion last quarter, the highest amount in a decade

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office building bankers workers employees
There's around $216 billion of potentially distressed commercial real estate properties, according to MSCI Real Assets.

REUTERS/Carlo Allegri

Commercial real estate will see 'a lot of things breaking' and is one of the reasons the Fed will stop raising rates, market veteran says

Tech Insider
Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, in an interview on April 30, 2015 --
Ed Yardeni.

Adam Jeffery/CNBC/NBCU/Getty Images

Meta is spending $181 million to end a lease on an office it never moved into, report says — as Big Tech continues to reassess the role of in-person work

Tech Insider
Meta CEO Mark Zuckerberg attends closed door Senate AI forum in September 2023
Meta CEO Mark Zuckerberg.

Nathan Howard

US commercial-property concerns keep mounting - experts warn of 'massive' debt refinancing risk and an economic 'doom loop'

Tech Insider
NY buildings

Fatih AktaÅ/Anadolu Agency via Getty Images

Nobody has figured out return to office, but Asia is winning the battle

Tech Insider : Economy
Tokyo crossing
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Smith Collection/Gado

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