Metro Manhattan Commercial Real Estate News & Articles

What Happens If Your Landlord Defaults in 2023?

Never say never to the risk of your landlord going bankrupt. Lost in the talk about Fed policy, rising rates, inflation, recession probabilities, and geopolitics is something much more consequential for New York City commercial tenants. The risk of landlord ...
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/ / Real Estate News
Insurance

​​Commercial Liability Insurance Protects Tenants and Landlords

Commercial leases in New York City are notoriously long, complex documents. They come with many different clauses and terms, such as holdover clauses, sublease and assignment clauses, rent escalations, and more. As a commercial tenant, you should familiarize yourself with ...
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/ / Real Estate Guides

Quality Office Furniture Can Furnish Commercial Real Estate Success

Gone are the days when the only thing office furniture meant were bland desks, chairs, filing cabinets, and bookcases. Never has quality office furniture been as important as it is today.  With business owners struggling to bring their workers back ...
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Will ChatGPT and A.I. Shake Up Commercial Real Estate?

Commercial real estate markets experience boom and bust cycles and confront an always-changing world. Businesses always prioritize cutting costs and increasing profits; innovation trends and cutting-edge technologies drive these objectives. Recently, there has been considerable press coverage around ChatGPT, the ...
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/ / Expert Insights
Commercial Space in Manhattan

What Does the Term “Commercial Space” Mean?

"Commercial space" is a broad real estate term referring to any space used for business or professional purposes. Think of all the types of spaces in New York City that fall under this category, yet have nothing in common. A ...
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/ / Real Estate Guides

Want a Career in CRE? Here Are Some Great Schools and Programs to Get You Started

If you're new to commercial real estate and do not even know what commercial space means, wonderful. If you are a professional broker looking to further your career, also wonderful. Many resources exist to aid in anyone's commercial real estate ...
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/ / Real Estate Guides

Renegotiating Your Commercial Lease- A Short Guide

As we kick off 2023 with economic anxiety, the New York City commercial real estate market faces uncertainty. Whether you’re a hedge fund, law firm, or startup, you may wind up in a situation where you have to manage costs, ...
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/ / Real Estate Guides
New York City commute times by neighborhoods

The Best — And Worst — Commute Times in New York City

Known to many as the city that never sleeps, New York City is notoriously one of the busiest, loudest, and most trafficked urban centers in the world. It's a Mecca for arts and entertainment and home to one of the ...
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New York City Building Classes

What Makes a New York City Building Class A, B, or C?

Before searching for New York City office space, understand the core differences between Class A, B, and C buildings. These ratings are how New York City classifies commercial buildings based on location, quality, and amenities.  Moreover, these building ratings can ...
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/ / Real Estate Guides

Holdover Clauses Can Triple Your Rent

If you're a New York City commercial tenant, you've experienced long and complicated lease documents by now. Commercial office, loft, and retail leases are known for numerous clauses containing complex and subtle language that can impact your tenancy. The holdover ...
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/ / Real Estate Guides

New York City Commercial Real Estate: Reflecting on 2022, Foreseeing 2023  

When we put together a similar type of year-end piece at the end of 2021, reflecting on the year that was and foreseeing the year to come, we mentioned challenging times. A year ago, our biggest fear was Omicron. This ...
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/ / Expert Insights

Is This the End of WeWork?

As 2022 comes to a close, falling from grace continues to be a consistent theme in the business world. Perhaps it makes sense, considering we’re on the brink of a recession. But some of the scopes and scales of the ...
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