By Eddie Small | June 28, 2017 02:01PM New York City lost more than 11 million square feet of industrial space to rezonings between 2007 and 2016, according to a new report. Although several large rezonings of manufacturing space in the city went into effect during the early 2000s, millions of industrial square feet have also been rezoned over the past decade, an analysis by Ariel Property Advisors found. Some properties been transformed into residential lofts and offices, but a surprising amount remains vacant — about 2.3 million square feet. The majority of these rezonings in the last decade took place in Manhattan, which lost 4.54 million square feet of industrial space across 230 lots, and Brooklyn, which lost 4.12 million square feet across 454 lots, the data show. Queens lost 1.28 million square feet of industrial space across 368 lots, while the Bronx lost 1.05 million square feet across 124 lots, and Staten Island lost just 63,519 square feet across 15...
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