Metro Manhattan Commercial Real Estate News & Articles

Microsoft Signs 150 KSF 5th Avenue Lease | Metro Manhattan Office Space

Microsoft Bets Big on NYC, Signs 150 KSF Fifth Avenue Lease

Another sign that Manhattan’s office market is on the path to recovery is a recent lease by tech giant Microsoft. The Redmond, Washington-based company signed a 150,000-square-foot lease at 112 Fifth Avenue in the Flatiron District.  According to The Real ...
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One Vanderbilt Observatory

The Summit at One Vanderbilt, No Ordinary Observation Deck

One Vanderbilt's observation deck, the Summit, opened recently, and it is getting a lot of favorable press. Why all the excitement? Aren't there plenty of tall buildings with observation decks in New York City already? The Summit is no ordinary ...
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Macy's vs Amazon in Herald Square | Metro Manhattan Office Space

Brick & Mortar Vs. Click & Mortar: 34th & Broadway

The current standoff between Macy’s and (indirectly) Amazon over signage rights in Herald Square has been getting extensive coverage as the case makes its way through the courts. However, what many may not realize is how relevant this exact location ...
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Before You Sign a New York City Office Lease, Be Sure to Ask These 6 Connectivity & Telecommunications Questions

6 Telecom Questions to Ask Before Signing Your Office Lease

We have all struggled with slow connections, video call problems and dropouts, files and attachments taking too long to send and a multitude of other issues caused by poor telecommunication infrastructure within a building. New York City is notorious for ...
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PABT Past, Present, and Future | Metro Manhattan Office Space

Port Authority Bus Terminal to be Redeveloped by 2030

There was never any glory in the race for 'NYCs Most Dismal Point of Entry.' But since Penn Station's 255,000-square-foot Moynihan Train Hall expansion opened on New Year's Day, the Port Authority Bus Terminal doesn't even have a worthy rival ...
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Supertall Towers May be Controversial, but They Point the Way to Stable, Sustainable Office Space

Controversial Supertall Towers Point the Way to Sustainable Office Space

I have been thinking lately about the towers that define our city. We are living through a contemporary boom time for skyscrapers, with new buildings regularly topping 1,000 feet. Only seven years ago, One World Trade Center became the tallest ...
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Top 5 Office Sales of 2021 in NYC | Metro Manhattan Office Space

These Are the 5 Biggest NYC Office Sales of 2021 (So Far)

The New York City office market has been going through a rough patch caused by the Covid19 pandemic. However, recent transaction activity highlights the fact that investors continue to see the long-term appeal of this bustling market. Our research into ...
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New York Offices Lost $28.6 Billion in Market Value

NYC Offices Lost $28.6 Billion in Value. What Does That Mean for NYC & Its Commercial Tenants?

For the first time since 2000, the market value of New York City commercial real estate has declined. It dropped $28.6 billion in the last year. This figure comes courtesy of a report from City Comptroller Thomas DiNapoli. A financial ...
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Google Just Spent $2.1 Billion on a St. John’s Terminal

Google Just Spent $2.1 Billion on St. John’s Terminal – Is Big Tech Driving NYC’s Revival?

Google Just Spent $2.1 Billion on a St. John’s Terminal – Is Big Tech Driving Manhattan’s Revival? On September 21st, Google announced that it would purchase the St. John’s Terminal building on the Manhattan’s West Side for an eye-popping $2.1 ...
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Manhattan Leasing Signal Office Recovery | Metro Manhattan Office Space

Increased Leasing Activity Fuels Manhattan’s Office Recovery

Manhattan’s commercial real estate market was hit with an unprecedented blow when the Covid19 pandemic emerged in March 2020. The market has been struggling ever since, recording decreased activity across the board. As a result, New York City office space ...
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Rent Control for Commercial Spaces? Newly Proposed NYC Legislation

Will Rent Control for NYC Commercial Space be Enacted?

The city of New York's Council Committee on Small Business is holding a hearing on a bill that would enact commercial rent control for retail and office space. If this bill gets passed, it could negatively impact New York City's ...
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Outdoor Space, the Most Sought-After Office Amenity Post-Pandemic

Outdoor Space, the Most Sought-After Office Amenity Post-Pandemic

The Covid19 pandemic has triggered a massive shift in priorities for landlords and tenants alike. In just a few months, the way people work has changed forever. Numerous employers have learned to embrace hybrid and remote work models. While employees ...
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