The rent for a studio starts at $3,995 per month: in New York, developers are banking on transforming increasingly empty offices into housing (very high-end projects in a market where rents are exploding)

Faced with the housing shortage, the conversion of office buildings is intensifying in New York. But these very high-end projects will not necessarily deflate the inflammation in the market. In Manhattan, the median rent peaked in April at more than $5,200 per month.