What Does Amazon Go Mean for Retail?

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 ...
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Commercial Real Estate NYC 2022

2021 in Retrospect & Commercial Real Estate Prospects for 2022

2021 has been another challenging year for New Yorkers and everyone else in the world, for that matter. There is some anxiety about what's in store for 2022, and it's difficult to provide clarity regarding prospects for the new year.  ...
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New York Offices Lost $28.6 Billion in Market Value

New York Offices Lost $28.6 Billion in Market Value. What Does That Mean for the City and Its Commercial Tenants?

For the first time since 2000, the market value of New York City commercial real estate has declined. It dropped $28.6 billion in the last year. This figure comes courtesy of a report from City Comptroller Thomas DiNapoli. A financial ...
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Manhattan Q1 Overview | Metro Manhattan Office Space

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 ...
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The Top 20 NYC Office Deals Since the Pandemic Debut | Metro Manhattan Office Space

These Were the 20 Biggest Office Deals to Close in NYC Since the Start of the Pandemic

The New York City commercial real estate market took quite a hit in 2020. Total office sales dropped 58% during this spring’s lockdown, while retail sales sank a whopping 78%. Brooks Brothers, J.Crew, and other major retailers filed for bankruptcy, ...
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Top 20 Office Deals of H1 2020 in NYC | Metro Manhattan Office Space

The Top 20 NYC Office Deals of H1 2020 – Amazon Bets $978M on Manhattan

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 ...
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Retail Sales Report During NYC Lockdown | Metro Manhattan Office Space

Report: Retail Sales Activity Drops 78% During NYC Lockdown

The New York City retail market took a hard hit as the pandemic spread across the city. The almost three-month economic lockdown took many out of business, including big names like Barneys New York and Brooks Brothers, which filed for ...
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Office Sales in NYC During Lockdown | Metro Manhattan

Report: New York City Office Sales Drop 58% During Lockdown

Office towers in the New York City commercial real estate market sell at exorbitant price tags, and investors from around the world are willing to shell out hundreds of millions – and sometimes even billions – to own trophy office ...
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Non-essential construction in NYC | 2020

2,000 Non-Essential Construction Complaints Filed With 311 During NYC Lockdown

New York City, the city that never sleeps, is also the city that never stops building. As one of the busiest and priciest business destinations in the world, NYC is always growing, with more and more skyscrapers added to its ...
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NYC Office Sales | Q1 2020

The Top 20 NYC Office Sales of Q1 2020 | Three Manhattan Assets Fetch More Than $200M

The new coronavirus has undoubtedly put the brakes on most industries, with some sectors, such as hospitality or restaurants, coming to a full stop. The U.S. real estate market has also been affected, and landlords and tenants alike are struggling ...
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New York City Office Sales Report - Q1 2020

Despite Lockdown, Brooklyn Office Sales Activity Climbs 140% in Q1 2020; Manhattan Sees 31% Increase

Over the past few weeks, New York City has become the epicenter of the COVID-19 pandemic in the U.S. Local authorities were quick to place the entire city in near-complete lockdown to stop or at least slow the spread of ...
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New York City traffic

The Number of Traffic Complaints in NYC Dropped 50% in the First 3 Months of 2020

NYC Traffic Complaints Drop 37% Compared to Q1 2019 and 49% Compared to Q4 2019 Traffic in New York City tends to fluctuate throughout the year. There are certain times of the day and also certain times of the year ...
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