Metro Manhattan Commercial Real Estate News & Articles

Law firm office space

Here are 3 of the Best Neighborhoods for Law Firms Looking for Loft-Style Office Rentals in Manhattan

Acquiring a Manhattan business address represents a significant milestone for any professional company looking to grow and attract clients. Establishing your practice in Manhattan creates value and presence, and if you situate your partnership in a well-known neighborhood, you will ...
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Biden Passes Infrastructure Bill

U.S. President Biden Signs $1 Trillion Infrastructure Bill Into Law

On November 15th 2021, President Biden signed into law the "Infrastructure Investment and Jobs Act." This bipartisan legislation will distribute $1.2 trillion for infrastructure issues. This includes roads, railways, bridges, and airports. When the bill was signed, Biden said that ...
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WTC Art Wall | Metro Manhattan Office Space

5 Manhattan Office Buildings Featuring Amazing Artwork

Art and architecture are inextricably linked to New York City commercial real estate. The city houses some of the most exquisite architectural landmarks in the world. Manhattan is home to instantly recognizable works, like the Chrysler Building, the Empire State ...
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Empire State Building

Empire State Realty Trust Just Bought Two Apartment Buildings – Will Vacant Offices Soon Become Luxury Residences?

With retail and office vacancy rates remaining high in New York City, landlords are looking for solutions to sure up their bottom line. Recently, Empire State Realty Trust made a big move to diversify its portfolio. Empire State Realty Trust, ...
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Microsoft Signs 150 KSF 5th Avenue Lease | Metro Manhattan Office Space

Microsoft Bets Big on Manhattan, Signs 150 KSF Lease on Lower Fifth Avenue

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-and-Mortar Vs. Click-and-Mortar: The Battle Ground at 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

Before You Sign a New York City Office Lease, Be Sure to Ask These 6 Connectivity & Telecom Questions

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

The Port Authority Bus Terminal’s Checkered past, Gloomy Present, and Promising Future

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

Supertall Towers May be Controversial, but They Point the Way to Stable, 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

New York Offices Lost $28.6 Billion in Market Value. What Does That Mean for the City and 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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