Metro Manhattan Commercial Real Estate News & Articles

Sports Stadiums in the US | Metro Manhattan Office Space

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. Think of the Chicago Bulls, the L.A. Lakers, or the New England Patriots; these teams and their related events tend to ...
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Manhattan office outlook | Metro Manhattan Office Space

The NYC Office Renaissance: What’s Next for the Market in 2021 and Beyond?

As vaccination efforts continue across the country and life slowly starts to go back to normal, the New York City commercial real estate market is still recovering. This recovery, according to experts, will be slow, much slower than other economic ...
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Revitalizing Manhattan | Metro Manhattan Office Space

Lower Commercial Real Estate Rents Will Revitalize New York City

The past year has been challenging for commercial real estate landlords across the globe. However, in uber-dense business districts such as Manhattan, the situation is even direr. The ultra-luxurious, ultra-pricey borough has taken a big hit during this pandemic, from ...
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Hotel industry comeback in NYC | Metro Manhattan Office Space

Is New York City’s Hospitality Sector Ready for a Comeback?

Lockdowns, social distancing measures, travel restrictions, and new remote work policies have led hotels across the country to close their doors in 2020. Now, as cities are starting to reopen gradually and businesses start welcoming workers back into the office, ...
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Numbers in Real Estate | Metro Manhattan Office Space

Numbers and Commercial Real Estate – Superstition or Strategy?

Commercial real estate is probably not an industry where you’d expect to encounter superstition. However, you’d be surprised to know that it plays a big part and has done so for years and years. In some cases, ignoring numbers and ...
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Post-Moratorium Eviction Apocalypse Survival Tips for Tenants and Landlords in NYC

Post-Moratorium Eviction Apocalypse Survival Tips for Tenants and Landlords in NYC

There is a specter haunting New York City, and it’s the coming eviction apocalypse that may be happening after the end of the August 31, 2021 moratorium on residential and commercial evictions. In today’s article, I am going to be ...
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Best post-Covid office neighborhoods in NYC | Metro Manhattan Office Space

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. Some office tenants chose to reduce their office footprint or end their leases, which left commercial landlords in ...
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Marijuana Legalization in NYC | Metro Manhattan Office Space

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. But a recent statewide development might give the commercial sector a much-needed ...
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Penn Station redevelopment | Metro Manhattan Office Space

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

Governor Andrew Cuomo's ambitious Empire Station Complex redevelopment was met with controversy from the get-go, and now, the project has been put on hold after heavy opposition from the local community. The constant debate surrounding the $1.6 billion master plan ...
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Empire Station Complex project | Metro Manhattan Office Space

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. The Moynihan Train Hall is a 486,000-square-foot expansion of Manhattan's Penn Station, the central intercity railroad station in New York. Penn Station ...
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Manhattan Q1 Overview | Metro Manhattan Office Space

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

The U.S. office market took a significant hit during the pandemic, with most companies switching to a fully remote or hybrid workstyle. Manhattan, as one of the densest business districts globally, was heavily affected by this switch, and as a ...
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Restaurant industry in NYC recovery | Metro Manhattan Office Space

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. This phenomenon has led to many of NYC's buzzing streets empty and landlords struggling to fill vacant ground-floor ...
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