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2Q2019 NYC Average Rents

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, […]
What’s next for retail?

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 of those pass through increases are the increase in real […]