Limited Availability for New York City Medical Space

The dynamics of the New York City real estate market provides for an ever-changing landscape. At the retail level, all-time delis and coffee shops have become obsolete as trendy soup and salad bars and upscale bistros and restaurants are ushered in.  The traditional Manhattan office space once dominated by accounting, legal and management firms have been grudgingly giving way to the new era of technology start-ups and creative marketing companies, whose dominance in the hot Chelsea and Flatiron districts have been clearly felt. And what about the New York City medical office space market? Does the word dinosaur come to mind? Manhattan has never really been known for having an abundance of buildings dedicated to medical practices. For many years, medical… Continue reading

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