As remote and hybrid work models are becoming more and more popular, many of New York City’s skyscrapers are half-empty. A return to the office is underway, but many companies allow staff to work remotely indefinitely. Meanwhile, landlords are struggling […]Read more
What Are NFTs and Are They Coming for Real Estate Next?
Technology has crept its way across all possible industries over the past decades, improving the way we do business and go about our daily lives. From virtual and augmented reality to artificial intelligence software and machine learning, technological advancements have […]Read more
How to Negotiate Office Space Leases in New York City
If you’re a medium or small sized business looking for office space in New York City, your two biggest expenses are going to be your employees and your monthly rent. In some dire situations like what we’ve seen during the […]Read more
NYC’s First Soccer-Specific Stadium and Its Impact on the Local Economy
Professional sports are a billion-dollar business in the U.S., and American cities are inextricably tied to their home teams. Think of the Chicago Bulls, the L.A. Lakers, or the New England Patriots; these teams and their related events tend to […]Read more
The NYC Office Renaissance: What’s Next for the Market in 2021 and Beyond?
As vaccination efforts continue across the country and life slowly starts to go back to normal, the New York City commercial real estate market is still recovering. This recovery, according to experts, will be slow, much slower than other economic […]Read more
Numbers and Commercial Real Estate – Superstition or Strategy?
Commercial real estate is probably not an industry where you’d expect to encounter superstition. However, you’d be surprised to know that it plays a big part and has done so for years and years. In some cases, ignoring numbers and […]Read more
The Best NYC Neighborhoods to Rent Office Space in 2021
As more and more companies embraced remote or hybrid work models in the past year, offices throughout NYC were left eerily vacant. Some office tenants chose to reduce their office footprint or end their leases, which left commercial landlords in […]Read more
Marijuana Legalization Could Alleviate NYC’s Commercial Real Estate Crisis
The New York City commercial real estate sector is going through a bad patch, and the retail industry, in particular, is having one of its worst years ever. But a recent statewide development might give the commercial sector a much-needed […]Read more
15 Penn Plaza – Will Cuomo’s Penn Station Supertall Become a Reality?
Governor Andrew Cuomo’s ambitious Empire Station Complex redevelopment was met with controversy from the get-go, and now, the project has been put on hold after heavy opposition from the local community. The constant debate surrounding the $1.6 billion master plan […]Read more
Governor Cuomo’s Ambitious Empire Station Complex On Hold After Heavy Opposition
In early January of this year, New York City celebrated Moynihan Train Hall’s grand opening in Midtown Manhattan. The Moynihan Train Hall is a 486,000-square-foot expansion of Manhattan’s Penn Station, the central intercity railroad station in New York. Penn Station […]Read more
Office Space Availability in Manhattan Hits Highest Number on Record in Q1 2021
The U.S. office market took a significant hit during the pandemic, with most companies switching to a fully remote or hybrid workstyle. Manhattan, as one of the densest business districts globally, was heavily affected by this switch, and as a […]Read more
As Restaurants Reopen in NYC, Retail Leasing Opportunities Abound
The city’s once-bustling restaurant scene has changed dramatically in the past year, with numerous establishments closing their doors, either temporarily or permanently. This phenomenon has led to many of NYC’s buzzing streets empty and landlords struggling to fill vacant ground-floor […]Read more
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