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Office Space NYC

Where to find the best deals on NYC office space

By in Office Space NYC

WHERE TO FIND NYC’s BEST VALUES IN OFFICE SPACE Leasing activity is up throughout Manhattan as companies push for and embrace returning to the office. While rents and concessions have seen significant gains in some markets like Grand Central others have been slow to rebound. So the question is where’s the value?   Penn Plaza/ […]

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NYC Real Estate Tax 2022 Updates

By in Office Space NYC

NYC PROPERTY TAX UPDATE What it means for office tenants New York City recently announced tentative property tax assessments for 2023 and the assessment for Manhattan office properties increased by 9.21%. The jump wasn’t a complete surprise as we’ve seen a rebound in rents and increase in leasing activity in 2021 but this could be […]

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Returning to the Office Trends- New York City

By in New York

As we realistically plan for a post-Covid working environment, the NYC office landscape is more complex than any headlines can portray, materially different than any projections from experts, and markedly different than than this time last year. Throughout the last year, the sentiment has been that companies will embrace a strong work from home (WFH) […]

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7 Steps to Sublease Your Office Space in NYC

By in Office Space NYC

7 STEPS TO EFFECTIVELY SUBLEASE YOUR OFFICE SPACE IN NYC Businesses have many reasons to explore subleasing their office space. The most common are that they are growing out of their or they are downsizing.  Either way, having too much or too little space will have a significant impact on a business and it is […]

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WeWork Update- Week of November 25th 2019

By in Office Space NYC

Have you heard? Job cuts, immediate divestment, and rollback of services A class-action suit accusing former CEO Adam Neumann and current Softbank CEO Masayoshi Son was filed in the Superior Court of San Francisco late last week. The lawsuit alleges that top WeWork Directors breached their fiduciary duty to minority shareholders when they divested of […]

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2Q2019 NYC Average Rents

By in Office Space NYC

Rent’s in the Nation’s largest office market have remained fairly stable over the past year despite a record low unemployment and continued expansion of tenants. Large tech giants like Google, Facebook, and Amazon, have dominated the market with unprecedented growth year over year. It’s also been another banner year for coworking providers like WeWork, Knotel, […]

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What’s next for retail?

By in Office Space NYC

It’s hard to deny that retail has had a tough couple of years. The retail market oversaturation has caused mass store closures in 2019 with no end in sight. In 2018, we saw store closures from national and multi-national retailers such as Toys R’ Us, Sears, and Sam’s Club. These closures have resulted in over […]

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Hudson Yards is Open For Business

By in Office Space NYC

May 2019 marked the official opening of New York City’s $25 billion mega project, Hudson Yards. With media fanfare and celebrity guest appearances including CNN’s Anderson Cooper and Big Bird, the towering transformation atop an old train depot opened with a bang. As a luxury mixed-use development, Hudson Yards is expected to total nearly 30-million-square-feet […]

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