News & Articles

Real Estate News

Learn about NYC commercial leases, building sales, new developments, and pricing trends shaping the office market.

Park Avenue sign, symbolizing IWG's strategic leasing at 250 Park Avenue, NYC.

IWG’s Big Lease at 250 Park Avenue: Latest Evidence that Coworking Offices Are Back

Powered by startups, freelancers, and established companies looking for extra desks, coworking office managers enjoyed several years of uninterrupted growth in Manhattan.

21 Sep '21 • By Alan Rosinsky

Real Estate News

CBS Building in Manhattan Finally Sells for $760M

After many unsuccessful attempts to sell the office building at 51 West 52nd Street in Midtown Manhattan, the time has finally come for the landmark to change hands – for the first time ever.

20 Sep '21 • By Alan Rosinsky

Dining table with wine glasses in a restaurant, symbolizing the recovery in NYC's retail sector.

Real Estate News

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.

19 Jul '21 • By Alan Rosinsky

Skyline view of NYC from New Jersey, featuring the planned location of the Gateway Tunnel.

Real Estate News

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.

10 Jul '21 • By Alan Rosinsky

Financial District skyline with 111 Wall Street, pioneering office building for NYC's sustainability

Real Estate News

Local Law 97: A Green New Future for NYC Office Buildings

In the wake of the increasing acceptance of remote and hybrid work models, NYC’s towering office buildings, symbols of Manhattan’s bustling business prominence, face a unique challenge: How to remain relevant, filled, and environmentally friendly in a shifting urban landscape.

04 Jul '21 • By Alan Rosinsky

Pixelated NFT hexagons symbolize the intersection of technology & NYC real estate search trends.

Real Estate News

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.

30 Jun '21 • By Alan Rosinsky

Magical NYC retail revival: Platform 9 3/4 inspires hope amid commercial real estate challenges.

Real Estate News

New Harry Potter Store Breathes New Life Into NYC Retail

The NYC retail sector is still recovering, and it will take a long time for it to return to its pre-pandemic state, if at all.

22 Jun '21 • By Alan Rosinsky

Night view of empty soccer stadium, potential game-changer for NYC's economy.

Real Estate News

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.

18 Jun '21 • By Alan Rosinsky

Aerial view of Grand Central Terminal, symbolizing changing office landscapes in NYC.

Real Estate News

The Best NYC Neighborhoods to Rent Office Space in 2021

As more and more companies embraced remote or hybrid work models in the past year, offices throughout NYC were left eerily vacant.

24 May '21 • By Alan Rosinsky

Blooming plants in a cannabis farm greenhouse, hinting at NYC's potential real estate revival.

Real Estate News

Marijuana Legalization Could Alleviate NYC’s Commercial Real Estate Crisis

The New York City commercial real estate sector is going through a bad patch, and the retail industry, in particular, is having one of its worst years ever.

28 Apr '21 • By Alan Rosinsky

Aerial view Manhattan, with 15 Penn Plaza on the right, showcasing NYC's architectural ambition.

Real Estate News

15 Penn Plaza – Will Cuomo’s Penn Station Supertall Become a Reality?

New York City, a city of dreams, has always been at the forefront of architectural ambition.

21 Apr '21 • By Alan Rosinsky

34th Street subway station with iconic red and white wall tiles, part of NYC's transit landscape.

Real Estate News

Governor Cuomo’s Ambitious Empire Station Complex On Hold After Heavy Opposition

In early January of this year, New York City celebrated Moynihan Train Hall’s grand opening in Midtown Manhattan.

19 Apr '21 • By Alan Rosinsky

Sweeping sunset view of Hudson Yards and Lower Manhattan, NYC's premium office market.

Real Estate News

Office Space Availability in Manhattan Hits Highest Number on Record in Q1 2021

The U.S.

12 Apr '21 • By Alan Rosinsky

A neon 'Burgers' sign in NYC, symbolizing evolving restaurant leasing opportunities.

Real Estate News

As Restaurants Reopen in NYC, Retail Leasing Opportunities Abound

The city’s once-bustling restaurant scene has changed dramatically in the past year, with numerous establishments closing their doors, either temporarily or permanently.

27 Mar '21 • By Alan Rosinsky

Businesswomen on a break in a modern NYC office, highlighting evolving workspace trends.

Real Estate News

Is It Time to Rethink the Current Office Building Classification System?

Before the pandemic, office spaces became more open, flexible, technologically advanced, and crowded.

23 Mar '21 • By Alan Rosinsky

Life Sciences Sector Booming in NYC | Metro Manhattan Office Space

Real Estate News

NYC’s Life Sciences Office Sector Experiencing Record-High Demand

A recent report released by CBRE shows that NYC’s life sciences sector is bustling with activity and is poised to overtake markets like Boston or San Diego in terms of growth.

11 Mar '21 • By Alan Rosinsky

conic Wall Street sign on Manhattan building amid Robinhood's HQ move.

Real Estate News

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.

25 Feb '21 • By Alan Rosinsky

Close-up of Port Authority Bus Terminal, part of the B Midtown Manhattan revamp.

Real Estate News

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.

11 Feb '21 • By Alan Rosinsky

Co-workers in company hallway, reflecting tenant-friendly NYC commercial real estate trends.

Real Estate News

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

Last year, Moody released projections that show the national commercial vacancy rate will reach 19.9$ in 2021 and 20% in 2022, surpassing the 1991 record high of 91.7%.

29 Jan '21 • By Alan Rosinsky