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Michael Levy on Real Estate Finance

Masters in Business

CHAPTER

New York City's Office Space Will Be Half-Apartment or Residential?

Bloomberg: New York City's empty offices reveal a global property issue. "I think it's going to be a very long, slow grind," he says of the city's office market. Some buildings will get redeveloped into apartments; others may have to be torn down and replaced with new space. Bloomberg: There'll be a lot of pain as leases roll over that were in place.

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