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.

And as always, check out bflawoffice.com for more insights on real estate and the law.

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