6 Overlooked Factors to Consider When Searching for NYC Office Space
According to a recent New York Times analysis, office landlords are going through a rough patch. Newmark data quoted by the Times shows that 18.7% of all office space in Manhattan is currently available for lease - the highest availability ...
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How Proptech Is Transforming the Commercial Real Estate Industry
Even before the pandemic, the commercial real estate industry was undergoing a paradigm shift, slowly breaking away from tradition and embracing technology in different ways. Intelligent building features and sustainability tools were already a high priority for commercial building owners, ...
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The Top 6 Amenities NYC Office Tenants Will Look for Post-Pandemic
The New York City office market is very different in 2021 from how it was in 2019. With remote work becoming the norm and numerous office spaces left vacant in the aftermath of the pandemic, landlords and businesses alike have ...
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Recovery in New York City’s Retail Sector
I was recently asked for my opinion regarding the prospects of a recovery in the New York City retail commercial real estate market. It’s a good time for an update on what has changed. To provide some key background information ...
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Good News for NYC: Delayed Gateway Tunnel Gets $11.6B in Federal Funding
After years and years of political back and forth, the much-discussed Gateway Tunnel, meant to connect New York to New Jersey, has finally been greenlighted. The project, one of the most critical infrastructure projects in the country at the moment, ...
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Local Law 97: A Green New Future for NYC Office Buildings
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 ...
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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 ...
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New Harry Potter Store Breathes New Life Into NYC Retail
New York City commercial estate has taken a massive hit during this past year, as rents and leases dropped to levels not seen since the 2008 financial crisis. All sectors of real estate were affected, including office, hospitality, and multifamily ...
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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 ...
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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 ...
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Lower Commercial Real Estate Rents Will Revitalize New York City
The past year has been challenging for commercial real estate landlords across the globe. However, in uber-dense business districts such as Manhattan, the situation is even direr. The ultra-luxurious, ultra-pricey borough has taken a big hit during this pandemic, from ...
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Is New York City’s Hospitality Sector Ready for a Comeback?
Lockdowns, social distancing measures, travel restrictions, and new remote work policies have led hotels across the country to close their doors in 2020. Now, as cities are starting to reopen gradually and businesses start welcoming workers back into the office, ...
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Midtown Manhattan
3,300 SF | Garment District
