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

"If you take the price of the building plus the price of demolishing, some of those values are less than land value," one NYC real estate vet said.

By: Business Insider

Feb 12 2024
50
2938 Views

Marianne Ayala/Insider

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 … [+3353 chars]
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