Manhattan Commercial Real Estate
Another Tech Giant is Requiring Some Employees to Return to the Office Full-Time
Following Amazon’s decision to return to a full in-person workweek, some of the world’s largest tech companies are increasingly pushing employees back to the office, as executives grow less fond […]
Read More....Why Are Office Rents Still Rising? It’s Complicated
You may be asking Why Are Office Rents Still Rising? When office vacancy rates hit record highs and tenants return space in large numbers, you’d expect rental rates to drop. […]
Read More....Study finds New York Retail Availability Hits Record Low
New York’s office sector continues to face high vacancy rates, but the retail market is seeing a stronger recovery from the pandemic. According to a JLL study, retail availability in […]
Read More....Manhattan Office Vacancy Falls as Q3 Leasing Activity Increases
Manhattan’s office leasing market had a strong third quarter, with leasing activity surging and vacancy rates dropping, according to a new report from Avison Young. Leasing reached 23.1 million square […]
Read More....Office Attendance is Rising, but Not for all Employees
The combination of these trends has led to significant milestones in post-pandemic office attendance, though certain metro areas and employees are bucking the overall trend. According to Placer.ai’s Office Building […]
Read More....CRE Investors Ready to Deploy Capital Following 50 BP Interest Rate Cut
Less than 24 hours after the Federal Reserve’s unexpected 50 basis point interest rate cut, investors showed optimism about increased capital flowing into commercial real estate at Commercial Observer’s […]
Read More....The Great Migration is Mostly Over, Halted by Two Economic Shifts
The Great Migration, which saw millions of Americans relocate to new cities during the height of the Covid-19 pandemic, has largely come to a halt, slowed by a mix of […]
Read More....Brokers Struggle as Companies Hesitate to Hire
Last week’s hint of an upcoming interest rate cut offered hope for commercial real estate and the broader economy. However, after two years of high rates and challenges for CRE […]
Read More....New York’s Park Avenue Revamp: Benefits for Landlords
Timeka Jones, a native New Yorker who works between Park and Lexington avenues, enjoys stepping out for lunch to get fresh air and clear her head. She’s not alone in […]
Read More....NYC Sidewalk Sheds Cost Businesses Thousands Monthly
Sidewalk sheds and scaffolding darkening Manhattan’s streets are taking a financial toll on the city. A study commissioned by New York City and conducted through Mastercard found that businesses in […]
Read More....New York’s Residential Market Faces NAR Deadline
When the National Association of Realtors (NAR) announced its proposed settlement and policy updates this spring, New York City’s residential real estate market largely shrugged. The city’s unique position stems […]
Read More....Global Stock Dive Pressures Fed for Deep Rate Cut in September
The commercial real estate industry faced sudden uncertainty Monday as recession fears shook global markets. This could prompt a larger-than-expected interest rate cut in September, industry sources said. The Dow […]
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