Manhattan’s office market broke a record in March—and it wasn’t a good one. The city had 86.3 million square feet of vacant office space, an all-time high, according to CoStar. Seeing as the work-from-home or, at least, hybrid work environment is here to stay, other industries are considering what they can do with that space.
One solution: converting empty offices into hotels.
Read the full article on our sister site, Hospitality Investor.