
New York City is undergoing one of the most consequential real estate shifts in decades. As office vacancies rise and housing shortages intensify, owners and policymakers are increasingly embracing office-to-residential conversion as a critical pathway forward.
But while the structural conversion solves use, it doesn’t guarantee appeal.
A converted building can still look like an outdated office tower — and that undermines leasing velocity and long-term asset value.
Below is a full breakdown of what’s happening in the market and why visual identity and environmental graphics are emerging as the next must-have layer in repositioned buildings.

The Wall Street Journal reports that NYC is seeing a historic push toward converting obsolete office towers into much-needed housing stock.
WSJ (paywall): https://www.wsj.com/real-estate/commercial/nyc-office-residential-conversions-housing-4723b702
Supporting public sources:
• Cushman & Wakefield analysis: https://www.cushmanwakefield.com/en/united-states/insights/the-rise-of-office-to-residential-conversions-in-new-york-city
• Cushman conversion surge report: https://www.cushmanwakefield.com/en/united-states/news/2025/10/office-to-residential-conversions-surge-to-record-levels-in-new-york-city
• NYC Comptroller policy analysis (467-m): https://comptroller.nyc.gov/reports/office-to-residential-conversions-in-nyc-economics-and-fiscal-estimates/
• EliteAgent conversion volume review: https://eliteagent.com/manhattan-office-conversions-rise-as-housing-demand-grows/
• Governor Hochul & Mayor Adams redevelopment announcement: https://www.governor.ny.gov/news/governor-hochul-and-mayor-adams-announce-major-office-housing-transformation-5-times-square
Together these confirm that conversions are becoming structural to NYC's housing and CRE strategy.
Even when the use changes, the feel often doesn’t:
• Old elevator landings
• Bland commercial-grade corridors
• Corporate-style lobbies
• Fluorescent-lit amenity spaces
• Dated signage
• Sterile transitional areas
This “office‑leftover aesthetic” undermines desirability before prospective residents even see an apartment.
Conversions solve the floor plan, not the perception — and perception is what residential tenants pay for.
Converted buildings compete with:
• purpose-built Class A rentals
• new luxury developments
• lifestyle-focused mixed-use buildings
• renovated multi-family stock
Environmental graphics and high-resolution wall printing help conversions:
1. Create warmth and emotional connection
2. Build a sense of place with local or cultural identity
3. Modernize without demolition
4. Differentiate from competing conversions
5. Speed up lease-up by improving first impressions
High‑value surfaces in conversions include:
• Lobby and entry experience
• Elevator banks & landings
• Residential corridors
• Amenity spaces (lounges, co-working, fitness)
• Stairwells & vertical circulation areas
• Back-of-house common areas
Traditional interior refreshes in conversions (drywall, skim-coating, wallpaper removal, painting, lighting, millwork) are slow and expensive.
Direct‑to‑wall murals deliver:
• 2–3 hour installs
• zero demolition
• no adhesives
• no VOCs post-cure
• minimal labor
• zero waste
• 100% paint-over removability
• consistent design across 10–40 floors
This strongly aligns with ESG and sustainability goals now common in development financing.
NYC office-to-residential conversions are accelerating rapidly — but the buildings that succeed won’t just be converted, they’ll be transformed.
High-resolution wall printing allows buildings to elevate visual identity without the cost, downtime, or waste of traditional renovation.
For owners, asset managers, developers, and PMs, this upgrade:
• enhances first impressions
• accelerates lease-up
• increases perceived value
• supports ESG goals
• creates a true residential feel
When offices become homes, the walls tell the story.