It’s universally known that New York City office space is among the priciest in the world, and Manhattan office buildings often fetch exorbitant prices, in the range of hundreds of millions, and even billions. But one might wonder why a […]Read more
On an unusually quiet NYC morning on September 14, city officials gathered at One Vanderbilt Avenue to mark the official opening of Midtown East’s newest skyscraper.
Mayor Bill de Blasio was joined by representatives from SL Green, Hines, and the […]Read more
In a recent interview with Institutional Investor, Michael Colacino, president of NYC-based SquareFoot, said that after 9/11, sublease rates in the city doubled, going from 20% to 40-45%. A similar phenomenon took place after the financial crisis of 2008, as […]Read more
The NYC Metropolitan Transit Authority (MTA) is currently facing its biggest challenge yet. The impact of the Covid-19 pandemic and the subsequent lockdown has thrown New York City’s public transportation system into an unprecedented crisis.
The MTA has never had […]Read more
Over the past few months, New York City commercial real estate has gone through a whirlwind of changes, some of them permanent. The coronavirus has solidified remote work as a feasible and productive way of working, and many companies will […]Read more
A little over a month after DBRS Morningstar declared that WeWork’s survival following the pandemic was ‘questionable,’ chairman Marcelo Claure says the coworking provider is on track to be profitable in 2021.
In a recent interview with the Financial Times, […]Read more
The latest brand to succumb to the pandemic’s effects is Brooks Brothers, which filed for Chapter 11 bankruptcy protection in a Delaware court last week. The upscale men’s clothing chain is the oldest in the U.S., founded 202 years ago as a […]Read more
The coronavirus has had a terrible impact on the retail sector and hospitality and tourism. But these aren’t the only industries that have suffered. The commercial property industry also took a toll during these past few months.
According to recent […]Read more
There’s no doubt that the COVID-19 pandemic has triggered a shift in the world order, leaving a permanent mark on every aspect of our lives. The new coronavirus has already changed how we relate to and communicate with each other, […]Read more
The COVID-19 pandemic is already having a massive impact on the global economy. In just a few months, most industries have been affected, with the retail and restaurant sectors taking the biggest hit.
The New York City lockdown put the […]Read more
The spread of the new coronavirus has already had a massive impact on the global economy and has forever changed the way we work and do business. In an attempt to stop the spread of the virus, non-essential activities closed […]Read more
There’s no denying that the emergence of COVID-19 has caused a tectonic shift in the world order. Whether we’re aware of it or not, the global economy and the way that we do business have changed forever, and this pandemic […]Read more