Brooklyn Commercial Real Estate
Office Attendance is at a New High
June marked a significant turning point in post-pandemic office attendance, according to Placer.ai’s Office Building Index. The data reveals that nationally, office attendance was down only 29.4% compared to June […]
Read More....CRE Expectations for Capital Costs and Dealmaking in H2 2024 are Mixed
The outlook among commercial real estate industry players remains mixed as 2024 reaches its midway point. A second-quarter survey by Altus Group found that more respondents were concerned about a […]
Read More....Traffic Problems in Manhattan
The New York governor’s decision to withdraw support from a Manhattan tolling program, aimed at easing traffic and generating $1 billion annually for the transit system, has alienated not only […]
Read More....Office Building Being Sold for Less than Morgage
An office building in New York City, owned by an affiliate of Related Companies, is set to be sold at a steep discount. Empire Capital Holdings and Namdar Realty Group […]
Read More....NYC Retail Market Reels After Smoke Shop Crackdown
Roll Up Nation vanished from NoHo last month, leaving behind only an expensive sound system, a few stray rolling papers, and a 1,927-square-foot epoxy mural on the ground floor retail […]
Read More....Hospital Design Transformed by Emergencies and Surgical Robots
Hurricanes, pandemics, and robotic surgical arms are driving fundamental changes in healthcare design. Dan Thomas and Julie Frazier of Perkins & Will highlighted some of the nation’s most disruptive changes […]
Read More....FIRE Tenants in Manhattan Show Slower Expansion
The financial industry, a cornerstone of New York City’s economy for more than a generation, is showing signs of reducing its demand for New York offices. From the pre-pandemic years […]
Read More....Loans on Office Buildings are Increasing
Sales of loans secured by struggling commercial real estate, including offices, are gaining momentum despite resulting in financial losses. Banks, in particular, are increasingly putting more loans secured by office […]
Read More....Rising Risk in Office Lease Exposure
The long-term nature of office leasing has delayed the market’s adjustment to the changes in office utilization triggered by the COVID-19 pandemic, allowing building owners to maintain some income from […]
Read More....Helping Employees Move from Burnout to Belonging
Are you bringing home more from your job than just a paycheck? A 2023 study by the American Heart Association found that burnout—chronic, unmanaged workplace stress—is on the rise, with […]
Read More....NYC Offices Turning into Residential Conversions
New Yorkers often joke about living at the office, but new data from the Department of City Planning suggests this could soon be a reality for some. According to the […]
Read More....Rising Office Demand Signals Recovery Optimism
Brandywine Realty Trust CEO Jerry Sweeney doesn’t label himself an optimist regarding the “frustratingly slow” pace of the national office market’s recovery. However, as head of one of the largest […]
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