Metro Manhattan Commercial Real Estate News & Articles

We live in an increasingly digitized world, both at home and at work. Technology has become part of our daily lives, from touchless technology, keyless entry, fingerprint scanners, and face recognition software to smart building programs and remote-controlled devices.  The ...
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Rents in the better Class A office buildings in Midtown Manhattan have held their own much more than expected. Prices in these buildings have only dropped 10-15% since early 2020, with landlords offering more generous concessions such as free rent ...
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New York City is the world's top financial center, surpassing even London and Hong Kong on the Global Financial Centers Index. Some of the top hedge funds in the country are headquartered in the borough, including Millennium Management, BlackRock, and ...
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With so many offices in New York City still empty - as of February, the office vacancy rate in Manhattan was 12.6% - landlords and city officials have had to adapt quickly. Some landlords lowered their asking rents and offered ...
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One of Midtown Manhattan's most iconic landmarks, Lever House, is getting a $100 million upgrade. Owners WatermanClark and Brookfield Properties are determined to bring the postwar Manhattan office building to modern standards to attract high-profile tenants. It's one of many ...
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Today I’d like to discuss the Ukraine conflict and its eventual impact on the real estate market. More than one and a half million refugees fled the country only in the first ten days of the war. Who would have ...
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New York City's tech boom began in the 90s when the Flatiron District became known as Silicon Alley - the East Coast equivalent of Silicon Valley. Slowly but surely, startups and technology companies started opening offices across New York City, ...
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Vornado Realty Trust has been gradually expanding its commercial real estate footprint in Midtown Manhattan and is currently one of NYC's biggest landlords. The company, founded by Steven Roth, has been acquiring and developing assets in the borough since its ...
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Access to outdoor space for commercial office tenants in Manhattan is no longer a luxury amenity, but strongly preferred for businesses in the market for commercial office space. Modern tenants are looking for spaces that prioritize wellness in the workplace, ...
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While the world continues to fixate on the Ukraine crisis and the pandemic, landlords, brokers, and businesses are closely following another story that may bring sweeping changes to the Manhattan real estate landscape. After fifteen years of construction worth $11 ...
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Columbus Circle situated at the southwest corner of Central Park is one of the busiest intersections in New York City. This historically significant part of Manhattan was established in the 1870's, with the well known Columbus Monument being built in ...
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Architecture and design firms have specific needs when it comes to their office space. Such businesses require much more square footage per employee than law firms, tech firms, or financial services companies. Architects and designers work with wide-format printers, plans, ...
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