On today’s episode of Closed!, Lee sits down with Arpit Gupta, Associate Professor of Finance at NYU Stern, to explore how remote work is reshaping New York City’s office market, and where the opportunities might lie amid all the disruption.

Arpit walks us through his research paper, Work from Home and the Office Real Estate Apocalypse (don’t worry, it’s not all doom and gloom), breaking down why Class A and A+ office space is thriving, while older buildings are being forced to rethink their future.

Together, Lee and Arpit unpack how changing work habits are creating both challenges and new possibilities for landlords, investors, and cities alike. From adaptive reuse and “flight to quality,” to what NYC can learn from other markets around the world, this is a conversation about more than just real estate—it’s about how cities evolve.

If you’re curious about what the next decade of office space could look like, this one’s for you.

For more on Arpit and his research, visit arpitgupta.info or follow him on X @Arpitrage.

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What does this mean? Simply this: when you engage us, we are fully invested in arriving at the best possible outcome for you. Advocating for your interests becomes our number one priority from the moment you call us until long after the contract is signed or decision rendered.

The purchase or sale of real estate is a major financial transaction in a person or company’s life. A real estate transaction is a contract where the terms of the documents will determine your rights, so it is essential to take an aggressive approach to the negotiation and drafting of these documents. Failing to do so could cause the loss of significant value and may bind you to unfavorable terms.

Especially in a high-priced market such as NYC, it is important to approach these transactions with help from a dedicated attorney. Property transactions require disciplined attention to detail as well as in-depth knowledge of the law. Let a New York City real estate lawyer protect your rights and preserve your best interests.