Smart Office Buildings: Innovative Concept or Potential Cybersecurity Risk?
We live in an increasingly digitized world, both at home and at work. Technology has become part of our daily lives, from touchless technology, keyless entry, fingerprint scanners, and face recognition software to smart building programs and remote-controlled devices. The ...
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The Financial District, an Affordable Alternative to Midtown Manhattan
Rents in the better Class A office buildings in Midtown Manhattan have held their own much more than expected. Prices in these buildings have only dropped 10-15% since early 2020, with landlords offering more generous concessions such as free rent ...
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Will Park Avenue Office Towers Be Converted to Luxury Condominiums?
With so many offices in New York City still empty - as of February, the office vacancy rate in Manhattan was 12.6% - landlords and city officials have had to adapt quickly. Some landlords lowered their asking rents and offered ...
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$100M Lever House Revamp Kickstarts Rebirth of the Plaza District
One of Midtown Manhattan's most iconic landmarks, Lever House, is getting a $100 million upgrade. Owners WatermanClark and Brookfield Properties are determined to bring the postwar Manhattan office building to modern standards to attract high-profile tenants. It's one of many ...
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Ukraine Conflict Will Impact Commercial Real Estate Markets
Today I’d like to discuss the Ukraine conflict and its eventual impact on the real estate market. More than one and a half million refugees fled the country only in the first ten days of the war. Who would have ...
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The Best Manhattan Neighborhoods to Rent Startup Office Space
New York City's tech boom began in the 90s when the Flatiron District became known as Silicon Alley - the East Coast equivalent of Silicon Valley. Slowly but surely, startups and technology companies started opening offices across New York City, ...
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As Manhattan Offices Start to Reopen, Vornado Finally Kicks Off Work on Massive Penn District Project
Vornado Realty Trust has been gradually expanding its commercial real estate footprint in Midtown Manhattan and is currently one of NYC's biggest landlords. The company, founded by Steven Roth, has been acquiring and developing assets in the borough since its ...
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Soho Industrial Loft Space Fit for Design & Architecture Firms
Architecture and design firms have specific needs when it comes to their office space. Such businesses require much more square footage per employee than law firms, tech firms, or financial services companies. Architects and designers work with wide-format printers, plans, ...
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How Does NYC’s Waste Management Impact Commercial Real Estate?
If you search “Garbage in New York City” on YouTube, you'll find tons of nightmarish videos; they show a disgustingly dirty town. Those of us who live and work here have seen the situation worsen in the past few years ...
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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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How Will Mayor Adams Impact Commercial Real Estate in NYC?
“Small Business Forward.” This is the name of an executive order the newly inaugurated mayor, Eric Adams, has signed in his first days in office. The document aims to reduce or eliminate unnecessary fines and penalties issued by city agencies ...
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Virtual NYC Commercial Real Estate Sold for $2.4 Million
Last month, a piece of land sold for $2.4 million. This might not seem like a major piece of news. By New York City real estate standards, that is not a large deal. But the land was not in New ...
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Midtown Manhattan
3,300 SF | Garment District
