Lofts are large, flexible apartment-style spaces that have either been converted from industrial space to private residential use or built as new construction in “a loft-style.” Lofts may be either condos or co-ops, depending upon the building.
True converted loft living is a distinct lifestyle, as they are most commonly found in commercial and industrial areas of the city, rather than in residential neighborhoods. Converted lofts may feature as part of the design, industrial elements such as brick walls, exposed plumbing or ventilation systems and freight elevators, which are part of the charm that appeals to loft residents. Many lofts also feature open floor plans and high ceilings.
In New York City, lofts that were created from converted industrial space are regulated by the New York City Loft Board to assure the units meet the code requirements for safe and legal residential occupancy.