Let’s say you’re a business owner in the heart of New York City. Your business is growing, you’re ready to expand or relocate your office space, and the time has come to negotiate a lease. The task may seem overwhelming, […]Read more
The commercial real estate industry underwent a paradigm shift long before the COVID-19 pandemic. PropTech was
already becoming more integrated into the commercial real estate industry. However, COVID only increased its importance for commercial landlords and tenants.
Nowadays, in 2023, […]Read more
For centuries, NYC commercial real estate was never the main conversation starter. New York City symbolized opportunity, the start of a better life, and a chance to achieve dreams. Anything was possible through hard work and determination.
When many immigrants […]Read more
Commercial real estate markets experience boom and bust cycles and confront an always-changing world. Businesses always prioritize cutting costs and increasing profits; innovation trends and cutting-edge technologies drive these objectives. Recently, there has been considerable press coverage around ChatGPT, the […]Read more
When we put together a similar type of year-end piece at the end of 2021, reflecting on the year that was and foreseeing the year to come, we mentioned challenging times. A year ago, our biggest fear was Omicron. This […]Read more
As 2022 comes to a close, falling from grace continues to be a consistent theme in the business world.
Perhaps it makes sense, considering we’re on the brink of a recession. But some of the scopes and scales of the […]Read more
New York City’s office occupancy rate recently hit a post-pandemic high of 47%, exceeding that of cities like Philadelphia, Boston, Chicago, San Francisco, and Los Angeles.
By the start of next year, this figure could top 50%.
Yet there are […]Read more
As in-person work returns to neighborhoods like Midtown, the Plaza District, Flatiron, Meatpacking District, and Soho, an exciting trend emerges in New York City commercial real estate. The red hot luxury retail sector.
Retailers like Givenchy, Hermès, and Gucci have […]Read more
There are many hidden charges that tenants have to worry about when leasing office space in New York City.These can range from trash removal, HVAC-related charges, a business improvement district tax, and more.
Yet one of the most overlooked […]Read more
Upscale amenities are becoming the norm in high-end New York City office space. Whether it’s Legos, slides, fitness centers, or rooftop gardens, many properties look more like college campuses than office buildings nowadays.
Why? Commercial landlords have had to rethink […]Read more
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
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