“New York City is dead forever.”
A hedge fund manager and comedy club owner named James Altucher wrote this piece mid-pandemic in August 2020. At the time, the blog was nothing more than a self-published vent session. Once the New […]Read more
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
We live in an increasingly digitized world, both at home and at work. Technology has become part of our daily lives, from touchless technology, keyless entry, fingerprint scanners, and face recognition software to smart building programs and remote-controlled devices.
The […]Read more
Premium Class A office space in Midtown Manhattan has held its value more strongly than anticipated throughout 2020 and 2021. Prices in Class A buildings have only dropped by 10-15%, with landlords preferring to offer generous concessions instead, such as […]Read more
With so many offices in New York City still empty – as of February, the office vacancy rate in Manhattan was 12.6% – landlords and city officials have had to adapt quickly. Some landlords lowered their asking rents and offered […]Read more
One of Midtown Manhattan’s most iconic landmarks, Lever House, is getting a $100 million upgrade. Owners WatermanClark and Brookfield Properties are determined to bring the postwar Manhattan office building to modern standards to attract high-profile tenants. It’s one of many […]Read more
Today I’d like to discuss the Ukraine conflict and its eventual impact on the real estate market. More than one and a half million refugees fled the country only in the first ten days of the war. Who would have […]Read more
Vornado Realty Trust has been gradually expanding its commercial real estate footprint in Midtown Manhattan and is currently one of NYC’s biggest landlords. The company, founded by Steven Roth, has been acquiring and developing assets in the borough since its […]Read more
If you search “Garbage in New York City” on YouTube, you’ll find tons of nightmarish videos; they show a disgustingly dirty town. Those of us who live and work here have seen the situation worsen in the past few years. […]Read more
The retail industry underwent a sea change during the pandemic. Many local retail businesses had to close their doors due to competition from online retail giants, such as Amazon. Ironically, the retail automation technology developed by Amazon to drive its […]Read more
“Small Business Forward.” This is the name of an executive order the newly inaugurated mayor, Eric Adams, has signed in his first days in office. The document aims to reduce or eliminate unnecessary fines and penalties issued by city agencies […]Read more
With retail and office vacancy rates remaining high in New York City, landlords are looking for solutions to sure up their bottom line. Recently, Empire State Realty Trust made a big move to diversify its portfolio.
Empire State Realty Trust, […]Read more
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