4.7 • 9.2K Ratings
🗓️ 23 March 2022
⏱️ 10 minutes
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0:00.0 | NPR. |
0:03.0 | So Adrian back in I guess we call them now the before times I went to an office every single day. |
0:17.2 | I can vaguely recall doing something like that as well. |
0:20.6 | In another life. Yes, and I mean you know this Adrian, but the NPR New York offices are just like in the thick of Midtown Manhattan. |
0:27.2 | It's just one of the areas of New York that's like skyscraper after skyscraper after skyscraper and just super noisy, super crowded, |
0:33.2 | taxis, tourists, people and suits rushing around talking on their phones. |
0:36.8 | That has really changed. Midtown is basically you know completely dead. |
0:44.8 | This is Valerie Campbell. She's a real estate lawyer in New York and she says these days Midtown Manhattan is eerily quiet. |
0:53.8 | Yeah, right now I'm sitting in you know in a large building on sixth Avenue and there's one other person who's in on my floor. |
1:04.0 | Everyone else is working remotely. So the building is pretty lonely these days. |
1:08.6 | At the same time, Valerie's business is booming. Valerie specializes in real estate conversions. |
1:14.6 | That is turning one kind of property into another kind. And right now all of those empty office towers in New York have developers salivating. |
1:23.6 | Wanting to convert them into apartments. This is happening all over the US as companies downsize office space. |
1:30.8 | More people work from home or have hybrid work situations and demand for housing continues to rise. |
1:38.0 | This is the indicator for plenty of money. I'm Adrian Ma. |
1:40.6 | And I'm Stacy Bannock Smith today on the show living at the office Adrian. It is not just a bad joke anymore. |
1:47.0 | It is a thing that is happening how the pandemic and the economic followed from it are changing the landscape of US cities. |
1:55.2 | Also the rise of the apartment. |
1:58.0 | A part of a part of what we'll get there. We'll get there. |
2:06.8 | This message comes from NPR sponsor the American Express business platinum card. |
2:11.8 | Get the card that's built for business by American Express. |
2:16.0 | In the last couple of years nearly 15,000 offices across the US have been converted into apartments. |
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