No matter how anyone tries to spin it, we are already in a recession. The U.S. GDP shrunk in Q2 by -0.9%, marking the second consecutive quarter it contracted. That isn’t just an “indication” of a potential recession- it’s the […]Read more
Commercial landlords were forced to adjust their business models not long after the pandemic first hit New York City. The situation forced people to improvise and create work-from-home offices in the blink of an eye. The result was a high […]Read more
Colliers Report: Manhattan Office Leasing Nearly Doubles in July, But the Market Remains in Recovery Mode
The office space market in Manhattan has shown vital signs of recovery in the second quarter of 2022. Office usage is on the upswing, with more and more workers returning to the office. Employment in the area is on the […]Read more
New York City’s office market is finally showing clear signs of recovery, at least according to the most recent second-quarter reports released by brokerages. Workers are slowly returning to the office, while leasing activity is picking up steam and average […]Read more
SL Green, Manhattan’s most prominent landlord, recently closed its first office purchase in four years. The company shelled out $445 million to acquire the Class A Plaza District office tower at 450 Park Avenue from Oxford Properties Group. SL Green […]Read more
Our society’s transition to operating digitally, has changed many aspects of our daily lives and now it’s starting to gain momentum in real estate. Houses have been sold as NFTs, while several companies have begun paying their monthly rent in […]Read more
The fashion and accessory industry is big in NYC, and businesses looking for quality showroom and retail space in Manhattan have no shortage of appealing options. Since the 19th century, Manhattan has developed in a way that concentrated different types […]Read more
The right location can fundamentally alter the growth strategy for your business. Class A commercial office space demonstrates a long-term commitment of excellence to your clients as well as your employees. Therefore, selecting the right location becomes a critical decision.
Manhattan landlords in 2022 are facing the challenge of attracting workers back to the office. In a world where flexibility has become the norm, convincing people that it’s still worth coming to the office is no easy task, especially in […]Read more
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 […]Read more
Premium Class A office space in Midtown Manhattan has held its value more strongly than anticipated throughout 2020 and 2021. Prices in Class A buildings have only dropped by 10-15%, with landlords preferring to offer generous concessions instead, such as […]Read more
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 Manhattan, including Millennium Management, BlackRock, and D.E. […]Read more