NYC Converting Office Space to Housing

The video discusses the current challenges in the commercial real estate market, focusing on high interest rates and their impact on debt financing. It explores the potential for converting office spaces to residential units in urban areas like New York City, highlighting the complexities involved. The residential housing market is examined, emphasizing the need for increased supply to address affordability issues. The role of private equity in boosting housing supply is also discussed. Finally, the video addresses the psychological aspects of refinancing decisions in a high-interest-rate environment.

What role do private equity firms play in the current housing market?

What is the significance of interest rates in the context of refinancing projects?

How does the psychology of lenders affect the commercial real estate market?