Office at a Crossroads: Conversion, Capitulation, or Comeback?

New York office is no longer a single narrative — it’s a split screen.

‍The Real Deal is bringing the Roundtable to NYC on April 9th in Manhattan for a panel discussion to unpack what’s real, what’s hype, and where opportunity actually exists in office.

Leasing activity has shown signs of improvement in prime corridors, while a growing share of aging inventory faces a different future: residential conversion. As policymakers revisit environmental review and housing frameworks, and capital markets cautiously reopen, the question isn’t whether the office market is evolving — it’s how fast, and for whom.