Author: Andreas Nakos

The City of Yes for Housing Opportunity signals a turning point for how New York approaches urban planning and growth. It breaks down long-standing regulatory barriers and prioritizes affordability, flexibility, and inclusivity. Queens, with its strategic location and diverse neighborhoods, is poised to be a leader in implementing these reforms—especially in converting commercial space into livable housing and embracing mixed-use, transit-oriented development. 

The early months of 2025, specifically February, marked a significant turning point for the Manhattan office market with compelling indicators across leasing volume, absorption, and availability. While the citywide leasing volume slightly contracted month-over-month, it far outpaced long-term benchmarks, highlighting a growing sense of confidence among tenants and investors alike.