NYC Real Estate Blog | Metro Manhattan Blog

Despite Lockdown, Brooklyn Office Sales Activity Climbs 140% in Q1 2020; Manhattan Sees 31% Increase
The new coronavirus has hit the global economy like a sledgehammer, putting the brakes on a plethora of industries, including commercial real estate. Even though this sector isn’t as affected as, say, retail, coworking, or multifamily, the ripple effects of ...
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The Number of Traffic Complaints in NYC Dropped 50% in the First 3 Months of 2020
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 are certain times of the day and also certain times of the year ...
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The Impact of the COVID-19 Pandemic on the US Commercial Real Estate Market
There’s no denying that the emergence of COVID-19 has caused a tectonic shift in the world order. Whether we’re aware of it or not, the global economy and the way that we do business have changed forever, and this pandemic ...
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Which Neighborhoods Have the Best — and Worst — Commute Times in New York City
Known to many as the city that never sleeps, New York is notoriously one of the busiest, loudest, and most trafficked urban centers in the world. The city is a Mecca for arts and entertainment, and it’s also home to ...
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Looking For a New Office for Your Business? These Are the Noisiest NYC Neighborhoods to Work In
New York City is one of the busiest urban centers in the world. All the major global corporations and institutions have an outpost here, and professionals from around the world dream of making it big in the Big Apple. However, ...
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7 Mistakes to Avoid When Inspecting Office Rentals
7 Missteps to Avoid When Touring Office Space Most commercial office space leases generally have a term of 3 to 10 years. As a result, executives are not accustomed to evaluating potential space. So if you haven't been in the ...
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These Are the 50 Top Tax-Paying Office Buildings in New York City
Property taxes in the U.S. are a frequent topic of debate, especially when it comes to commercial real estate. Office buildings in major American cities shell out exorbitant amounts on property taxes each year, particularly in New York City, which ...
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Hudson Square Added More Office Space From 2010 to 2020 Than Any Other Manhattan Submarket
Office development in New York City is more intense than ever, fueled by steady job growth in the metro and a constant influx of tech businesses leasing and expanding office space in NYC. As a result, the city boasts the ...
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These Were the Biggest NYC Office Sales of the Past Decade, in Each Borough
We recently looked at a decade’s worth of New York City office sales, zooming in on each borough to see the evolution of the market from 2010 through 2019. What we found is that, while Manhattan continues to outshine the rest ...
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Tips for Negotiating the Lowest Base Rent on Commercial Space
I'll start with an example of a real situation. Last year, I represented a digital marketing agency with a $9,500 per month budget that was in the market for about 2,000 Rentable Square Feet. They had outgrown their 800 Square ...
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Residential Tenants No Longer Have to Pay Broker Fees in NYC
Residential Tenants No Longer Have to Pay Broker Fees in NYC [Update: As of Feb 11, 2020, tenants still have to pay broker fees due to a temporary restraining order issued by justice Michael Mackey of the New York Supreme ...
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Market Report: A Look at NYC Office Sales Activity From 2010 to 2020
The New York City office market is one of the busiest in the world, in terms of both leasing and sales activity. Manhattan is one of the priciest business districts out there, home to a high density of multinational corporations, ...
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