One Vanderbilt, 590 Madison, 250 W. 55th Street, 667 Madison, 425 Park Avenue are some of the most sought-after locations for asset management firms to move into recent years. We’ll tell you why these buildings draw some of the highest ranking hedge funds in the world…
There could only be one number one and for office space in New York City, it’s clearly One Vanderbilt. The building towers above the other surrounding office towers in quality, finishes, views, amenities, and… rent. But there’s a reason why only the best of the best lease space in this building. It’s because being in One Vanderbilt means you’re the top in the top city in the world.
If you’re looking to lure employees back to the office, you might want to consider a move. A recent study found that millennials are more likely than their older counterparts to work from home or from a coffee shop. In fact, 72 percent of millennials say that they are more productive when working from home. In contrast, businesses are finding that the quality and quantity of employee output is much higher when working in an office environment.
Where to Find NYC’s BEST Values in Office Space JACK COHEN SPACES COMMERCIAL REAL ESTATE 212-300-3265 jack@spacescre.com FIND YOUR 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 […]
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 […]
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) […]
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 […]
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, […]
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 […]
Before You Sign in NYC Understand Real Estate Tax Liabilities Why its important to understand a building’s tax situation when leasing office space. Most office leases in Manhattan are gross leases meaning that taxes and insurance are included in the base rent and that the landlord will pass through certain increases in building costs. One […]
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