As vaccination efforts continue across the country and life slowly starts to go back to normal, the New York City commercial real estate market is still recovering. This recovery, according to experts, will be slow, much slower than other economic […]Read more
Commercial real estate is probably not an industry where you’d expect to encounter superstition. However, you’d be surprised to know that it plays a big part and has done so for years and years. In some cases, ignoring numbers and […]Read more
New York City faces an uncertain future once the eviction moratorium ends on August 31, 2021. The possibility of a post-moratorium eviction apocalypse looms, with potential ramifications for landlords and tenants.
This article not only explores potential post-eviction moratorium outcomes. It […]Read more
As more and more companies embraced remote or hybrid work models in the past year, offices throughout NYC were left eerily vacant. Some office tenants chose to reduce their office footprint or end their leases, which left commercial landlords in […]Read more
The New York City commercial real estate sector is going through a bad patch, and the retail industry, in particular, is having one of its worst years ever. But a recent statewide development might give the commercial sector a much-needed […]Read more
Governor Andrew Cuomo’s ambitious Empire Station Complex redevelopment was met with controversy from the get-go, and now, the project has been put on hold after heavy opposition from the local community. The constant debate surrounding the $1.6 billion master plan […]Read more
In early January of this year, New York City celebrated Moynihan Train Hall’s grand opening in Midtown Manhattan. The Moynihan Train Hall is a 486,000-square-foot expansion of Manhattan’s Penn Station, the central intercity railroad station in New York. Penn Station […]Read more
The U.S. office market took a significant hit during the pandemic, with most companies switching to a fully remote or hybrid workstyle. Manhattan, as one of the densest business districts globally, was heavily affected by this switch, and as a […]Read more
The city’s once-bustling restaurant scene has changed dramatically in the past year, with numerous establishments closing their doors, either temporarily or permanently. This phenomenon has led to many of NYC’s buzzing streets empty and landlords struggling to fill vacant ground-floor […]Read more
Before the pandemic, office spaces became more open, flexible, technologically advanced, and crowded. Remote work was not widespread, particularly for traditional office sectors such as financial services or banking. Available office space was scarce, especially in New York City. Demand […]Read more
A recent report released by CBRE shows that NYC’s life sciences sector is bustling with activity and is poised to overtake markets like Boston or San Diego in terms of growth. According to the report, leasing for the life sciences […]Read more
The January 28 short squeeze of GameStop stock sent the U.S. stock market into a frenzy unseen since the financial crisis of 2008. When Reddit users decided to join forces to raise GameStop’s value, a Texas-based retailer that had been […]Read more
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