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 […]Read more
Over the past months, experts have been trying to predict when people will return to their offices. Employers and employees alike had to embrace and adapt to remote work in a short time. Many of them have fully adjusted and […]Read more
Google Just Spent $2.1 Billion on a St. John’s Terminal – Is Big Tech Driving Manhattan’s Revival?
On September 21st, Google announced that it would purchase the St. John’s Terminal building on the Manhattan’s West Side for an eye-popping $2.1 […]Read more
Manhattan’s commercial real estate market was hit with an unprecedented blow when the Covid19 pandemic emerged in March 2020. The market has been struggling ever since, recording decreased activity across the board. As a result, New York City office space […]Read more
The city of New York’s Council Committee on Small Business is holding a hearing on a bill that would enact commercial rent control for retail and office space. If this bill gets passed, it could negatively impact New York City’s […]Read more
The Covid19 pandemic has triggered a massive shift in priorities for landlords and tenants alike. In just a few months, the way people work has changed forever. Numerous employers have learned to embrace hybrid and remote work models. While employees […]Read more
Powered by startups, freelancers, and established companies looking for extra desks, coworking office managers enjoyed several years of uninterrupted growth in Manhattan. By the end of 2019, the sector began to stall. All over the city, shared space players like […]Read more
If you are looking to rent commercial office space in New York City, it may be a good idea to consider coworking options as well. This largely depends on the kind of business that you represent. How does coworking space […]Read more
New York City is one of the fastest-growing urban centers in the world. While this accelerated pace of growth has led NYC to become one of the most innovative cities around the globe, it has also caused problems over the […]Read more
Creating a tenant proposal package can help commercial tenants get approved by landlords in New York City. And don’t worry, even if you are not trying to lease an office or store, these tips can be used to approach a […]Read more
If you’re running a small startup or a mid-sized business and are looking for suitable office space in New York City, you might be considering two significant options. Should you rent Manhattan office space or buy an office space and […]Read more
According to a recent New York Times analysis, office landlords are going through a rough patch. Newmark data quoted by the Times shows that 18.7% of all office space in Manhattan is currently available for lease – the highest availability […]Read more
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