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The New York City commercial real estate market took quite a hit in 2020.
You’re not alone if you’re wondering why New York City’s commercial real estate prices remain high despite the challenging market.
It’s been more than a year since WeWork’s failed IPO, and much has changed during this time.
Madison Avenue is one of the areas of New York City that has changed significantly since the start of the pandemic.
In early 2019, Queens was all over the news after Amazon scrapped plans to build its HQ2 in Long Island City.
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.
On an unusually quiet NYC morning on September 14, city officials gathered at One Vanderbilt Avenue to mark the official opening of Midtown East’s newest skyscraper.
As the Covid-19 pandemic continues to affect NYC’s real estate market, more and more businesses are turning to office subleases to cut costs and adapt to the ever-changing landscape.
The NYC Metropolitan Transit Authority (MTA) is currently facing its biggest challenge yet.
Over the past few months, New York City commercial real estate has gone through a whirlwind of changes, some of them permanent.
A little over a month after DBRS Morningstar declared that WeWork’s survival following the pandemic was ‘questionable,’ chairman Marcelo Claure says the coworking provider is on track to be profitable in 2021.
The New York City retail market took a hard hit as the pandemic spread across the city.
Office towers in the New York City commercial real estate market sell at exorbitant price tags, and investors from around the world are willing to shell out hundreds of millions – and sometimes even billions – to own trophy office space in the city.
Brooks Brothers filed for Chapter 11 bankruptcy protection in a Delaware court last week.
In this current economic climate, investors still have a unique opportunity to invest in commercial real estate.
The COVID-19 pandemic is already having a massive impact on the global economy.
As the world grapples with the COVID-19 pandemic, the workplace as we know it has undergone a drastic transformation.
New York City, the city that never sleeps, is also the city that never stops building.
NYC Traffic Complaints Drop 37% Compared to Q1 2019 and 49% Compared to Q4 2019 Traffic in New York City tends to fluctuate throughout the year.
There’s no denying that the emergence of COVID-19 has caused a tectonic shift in the world order.
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