NYC Real Estate Insights: News, Expert Advice & Office Trends

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Life Sciences Sector Booming in NYC | Metro Manhattan Office Space

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.

Expert Insights

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 $10B Midtown Manhattan revamp.

Expert Insights

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.

Expert Insights

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

Interior view of Daneil Patrick Moynihan Train Hall from below

Expert Insights

New Moynihan Train Hall Allows 50% More Space for Penn Station Travelers

A $1.6 billion, 255,000-square-foot expansion of the Penn Station train tracks officially opened to the public on January 1st, 2021.

08 Jan '21 • By Alan Rosinsky

The iconic Rockefeller Christmas Tree against NYC skyscrapers on a sunny winter day.

Real Estate Guides

The History of the Rockefeller Center Christmas Tree

The holiday season in New York City is exceptional.

24 Dec '20 • By Alan Rosinsky

Sunny day in NYC, diverse skyline reflects challenges and hopes for commercial real estate.

Expert Insights

What’s in Store for NYC Commercial Real Estate in 2021?

The new coronavirus has greatly impacted New York City real estate.

23 Dec '20 • By Alan Rosinsky

Dusk view of iconic NYC landmarks: Chrysler Building, Grand Central Terminal, and Grand Hyatt.

Real Estate News

89-Story Mixed-Use Tower Set to Replace Midtown Manhattan’s Grand Hyatt by 2030

A new landmark is set to appear on the New York City skyline in the following decade, setting new height records and further transforming the area surrounding Grand Central Terminal.

10 Dec '20 • By Alan Rosinsky

Soho's ornate Cast Iron facades, defining charm in NYC's commercial district.

Expert Insights

These Were the 20 Biggest Office Deals to Close in NYC Since the Start of the Pandemic

The New York City commercial real estate market took quite a hit in 2020.

30 Nov '20 • By Alan Rosinsky

Manhattan's skyline, sunny day, emblematic of high-value commercial real estate.

Expert Insights

Why is NYC Commercial Real Estate So Expensive?

You’re not alone if you’re wondering why New York City’s commercial real estate prices remain high despite the challenging market.

26 Nov '20 • By Alan Rosinsky

Spacious eco-friendly coworking office with plants, modern open layout.

Expert Insights

One Year After WeWork’s Failed IPO, NYC’s Coworking Market Is Still Going Strong

It’s been more than a year since WeWork’s failed IPO, and much has changed during this time.

11 Nov '20 • By Alan Rosinsky

Madison Avenue street sign, emblematic of changing NYC retail landscape.

Expert Insights

Madison Avenue in 2020: Retail Apocalypse or Investment Opportunity?

Madison Avenue is one of the areas of New York City that has changed significantly since the start of the pandemic.

31 Oct '20 • By Alan Rosinsky

Brooklyn waterfront warehouses, potential site for commercial revitalization.

Expert Insights

How and Why the Rezoning of Brooklyn’s Industry City Fell Apart in 2020

In early 2019, Queens was all over the news after Amazon scrapped plans to build its HQ2 in Long Island City.

23 Oct '20 • By Alan Rosinsky

Upper East Side Manhattan residential building, prime NYC real estate.

Expert Insights

Why Is This 5,000-Square-Foot, 1900-Built Manhattan Office Building Asking $26M?

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.

29 Sep '20 • By Alan Rosinsky

One Vanderbilt, iconic Midtown East skyscraper, symbolizes NYC's soaring commercial landscape.

Expert Insights

One Vanderbilt, Crown Jewel of Midtown East, Officially Opens in NYC

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.

17 Sep '20 • By Alan Rosinsky

Well-organized NYC office space, a reflection of the subleasing trend during the pandemic.

Expert Insights

The Risks and Rewards of Subleasing Office Space in NYC During a Pandemic

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.

09 Sep '20 • By Alan Rosinsky

Expert Insights

The Downfall of the MTA and Its Impact on the NYC Real Estate Market

The NYC Metropolitan Transit Authority (MTA) is currently facing its biggest challenge yet.

31 Aug '20 • By Alan Rosinsky

Iconic Midtown NYC skyline view from Hudson River, commercial real estate shifts.

Expert Insights

The Top 20 NYC Office Deals of H1 2020 – Amazon Bets $978M on Manhattan

Over the past few months, New York City commercial real estate has gone through a whirlwind of changes, some of them permanent.

25 Aug '20 • By Alan Rosinsky

Programmers collaborating in a modern NYC office, reflecting WeWork's positive trajectory.

Expert Insights

Despite Legal Troubles and Lockdowns, is WeWork On Track for Profitability?

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.

08 Aug '20 • By Alan Rosinsky