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By now, you’ve heard all the stories: New York City is dead and the office market will never come back.
It’s Friday, you’ve just settled into your office, and the weekend is tantalizingly close.
Commercial leasing in New York City can feel like ordering a simple coffee in a cafe with too many options – complicated and slightly overwhelming.
The true crime documentary genre has gained tremendous popularity over the past couple of years.
Imagine you were an employee in the early 20th century.
In these times of rapid change, American cities, particularly NYC, showcase their impressive ability to adapt and spring back from pandemic life.
Let’s say you’re a business owner in the heart of New York City.
The commercial real estate industry underwent a paradigm shift long before the COVID-19 pandemic.
For centuries, NYC commercial real estate was never the main conversation starter.
Commercial real estate markets experience boom and bust cycles and confront an always-changing world.
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.
As 2022 comes to a close, falling from grace continues to be a consistent theme in the business world.
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.
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.
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.
Upscale amenities are becoming the norm in high-end New York City office space.
No matter how anyone tries to spin it, we are already in a recession.
Commercial landlords were forced to adjust their business models not long after the pandemic first hit New York City.
“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.
In NYC, convincing young talent to return to the office remains challenging for landlords.
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