Welcome to a modern-day "tale of two cities" involving San Francisco and New York City. This story involves each city's commercial office markets and unique post-pandemic landscapes. It also involves San Francisco's vs. NYC's office recovery.  In theory, you'd think ...
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Brace yourself for the future of New York City's commercial real estate market because the uncertainty looks as significant as ever. Many workers are learning a harsh lesson akin to "be careful what you wish for." While the pandemic-induced remote work ...
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New York City's skyline is breathtaking, with towering marvels like the Empire State Building, the art deco masterpiece Chrysler Building, and the stunning One World Trade Center. But one building, in particular, stands out. Not just for its unique triangular ...
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March 8, 2023, marked the fall of Silicon Valley Bank, once a top institution for startups and venture capitalists. Days later, the contagion directly affected New York City’s commercial real estate market. Signature Bank, a major banking option for New ...
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The Federal Reserve, aka “The Fed," is the United States’ central banking authority. While it’s best known for determining interest rates and overseeing monetary policy, another responsibility it holds is maintaining the financial system's stability. So when it sees commercial ...
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Never say never to the risk of your landlord going bankrupt. Lost in the talk about Fed policy, rising rates, inflation, recession probabilities, and geopolitics is something much more consequential for New York City commercial tenants. The risk of landlord ...
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As 2022 comes to a close, falling from grace continues to be a consistent theme in the business world. Perhaps it makes sense, considering we’re on the brink of a recession. But some of the scopes and scales of the ...
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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. By the start of next year, this figure could top 50%.  Yet there are ...
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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. The red hot luxury retail sector.  Retailers like Givenchy, Hermès, and Gucci have ...
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After roughly six years of construction, 425 Park Avenue is finally complete. This redeveloped and reimagined beauty is Park Avenue’s first new full-block office building in 50 years.  Five decades without a modern office building taking up an entire city ...
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The office space market in Manhattan has shown vital signs of recovery in the second quarter of 2022. Office usage is on the upswing, with more and more workers returning to the office. Employment in the area is on the ...
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New York City’s office market is finally showing clear signs of recovery, at least according to the most recent second-quarter reports released by brokerages. Workers are slowly returning to the office, while leasing activity is picking up steam and average ...
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