New York City Mayor Eric Adams is directing city agencies to identify underused office space for potential reductions to cut costs. The Department of Citywide Administrative Services (DCAS) is leading this initiative, which could impact local office landlords already facing leasing challenges. The plan aims to consolidate space across eight agencies, potentially saving $44 million by 2028. This move follows a trend of reduced office needs due to unfilled positions post-pandemic. City Council criticized the plan, which they learned about through the media. Additionally, agencies are tasked with exploring city-owned land for affordable housing conversions.
Eric Adams
