Office Space

More than 3% of such loans are now delinquent.

Converting offices into apartments comes with challenges.

In New York City, daily office vacancy rates average about 50%. So it and other cities are trying to attract more visitors by converting office space to housing, improving public transit, and making their streets a destination.

But adaptive reuse isn’t as simple as swapping out cubicles for beds. Developers often need to charge a lot to make conversions worthwhile.

The commercial real estate market is being forced to adapt. Some buildings offer leasing incentives, others may convert to a different use.

For some businesses, work from home just isn't a thing.

The share of workers staying home due to worries about the coronavirus dropped last month to a pandemic low.

The more working at an office becomes a choice, the more workplaces could become a niche consumer product.

CEO Sundar Pichai says the expansion plan is part of the company's efforts to diversify its workforce racially and geographically.

Which raises the question: Does it look the city's going to ghost itself?