Robinhood eyeing Manhattan office | Metro Manhattan Office Space

Cali-Based Brokerage Robinhood Moving Closer to Wall Street, Plans Manhattan Office Headquarters

The January 28 short squeeze of GameStop stock sent the U.S. stock market into a frenzy unseen since the financial crisis of 2008. When Reddit users decided to join forces to raise GameStop's value, a Texas-based retailer that had been ...
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Port Authority Bus Terminal Revamp | Metro Manhattan Office Space

Midtown Manhattan’s Port Authority Bus Terminal in For $10B Revamp by 2030

Although the Covid19 pandemic has heavily hit New York City, local authorities have made significant progress on major infrastructure projects. The year started strong with the January opening of the $1.6 billion Moynihan Train Hall at Pennsylvania Station. Located within ...
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Commercial tenants in 2021 driver's seat | Metro Manhattan Office Space

NYC Commercial Tenants, In the Driver’s Seat in 2021

The Covid19 pandemic has heavily impacted the NYC commercial real estate market, and as usual, things are likely to worsen before they get better.  Last year, Moody released projections that show the national commercial vacancy rate will reach 19.9$ in ...
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Penn Station | Metro Manhattan Office Space

New Moynihan Train Hall Allows 50% More Space for Penn Station Travelers

A $1.6 billion, 255,000-square-foot expansion of the Penn Station train tracks officially opened to the public on January 1st, 2021. The new Moynihan Train Hall, named after the late Senator Patrick Moynihan, is a significant improvement to Midtown Manhattan's transportation ...
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The Rockefeller Center Christmas Tree | Metro Manhattan Office Space

The History of the Rockefeller Center Christmas Tree

The holiday season in New York City is exceptional. The city has many long-standing traditions that delight locals and visitors alike. These include the Macy’s Thanksgiving Day Parade, the Citi Pond at Bryant Park, or the Christmas Spectacular with the ...
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2021 NYC CRE Trends | Metro Manhattan Office Space

What’s in Store for NYC Commercial Real Estate in 2021?

The new coronavirus has greatly impacted New York City real estate. It’s going to take a long time for the city to bounce back fully. Things might never go back to their pre-pandemic state. But the emergence and approval of ...
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Project Commodore to replace Grand Hyatt New York | Metro Manhattan Office Space

89-Story Mixed-Use Tower Set to Replace Midtown Manhattan’s Grand Hyatt by 2030

A new landmark is set to appear on the New York City skyline in the following decade, setting new height records and further transforming the area surrounding Grand Central Terminal.  Earlier this year, developers and city officials celebrated the official ...
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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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WeWork & the NYC Coworking Scene in 2020 | Metro Manhattan Office Space

One Year After WeWork’s Failed IPO, NYC’s Coworking Market Is Still Going Strong

It’s been more than a year since WeWork’s failed IPO, and much has changed during this time. The global Covid-19 pandemic has taken real estate in New York City by storm, triggering a shift in the way we live, work, ...
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Madison Avenue Retail Apocalypse? | Metro Manhattan Office Space

Madison Avenue in 2020: Retail Apocalypse or Investment Opportunity?

Madison Avenue is one of the areas of New York City that has changed significantly since the start of the pandemic. The so-called ‘Gold Coast’ of Manhattan and the epicenter of luxury NYC retail looks very different today than it ...
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Industry City, Brooklyn | Metro Manhattan Office Space

How and Why the Rezoning of Brooklyn’s Industry City Fell Apart in 2020

In early 2019, Queens was all over the news after Amazon scrapped plans to build its HQ2 in Long Island City. This fall, a 6,000,000-square-foot commercial development that would have added up to 20,000 jobs to Brooklyn’s Sunset Park was ...
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Air rights in NYC | Metro Manhattan Office Space

Why Is This 5,000-Square-Foot, 1900-Built Manhattan Office Building Asking $26M?

It’s universally known that New York City office space is among the priciest in the world, and Manhattan office buildings often fetch exorbitant prices, in the range of hundreds of millions, and even billions. But one might wonder why a ...
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