Will ChatGPT and A.I. Shake Up Commercial Real Estate?

Will ChatGPT and A.I. Shake Up Commercial Real Estate?

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

Is This the End of WeWork?

Is This the End of WeWork?

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

NYC’s Luxury Retailers Don’t Care About a Recession  

NYC’s Luxury Retailers Don’t Care About a Recession  

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

How New York City Landlords Calculate Annual Commercial Rent Increases

How New York City Landlords Calculate Annual Commercial Rent Increases

If you rent a commercial office space in Manhattan, your lease will have an escalation clause.

In an escalation clause, your rent increases annually. The landlord’s only option is to recoup rising building services, personnel, energy, and building maintenance costs […]Read more

Who Pays for Office Cleaning Services, You or The Landlord?

Who Pays for Office Cleaning Services, You or The Landlord?

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 of […]Read more

Can Upscale Amenities Bring Manhattan Workers Back To The Office?

Can Upscale Amenities Bring Manhattan Workers Back To The Office?

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.   

Source: Snap Suites

Why? Commercial landlords have […]Read more

A Recession’s Impact on NYC Commercial Real Estate

A Recession’s Impact on NYC Commercial Real Estate

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

Office Lease Terms Might Be Shrinking, But Not for Everyone

Office Lease Terms Might Be Shrinking, But Not for Everyone

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

Can NYC Attract Young Talent Back to the Office?

Can NYC Attract Young Talent Back to the Office?

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

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