New York
Office Market Signals End to NYC’s Return-to-Office Push
The commercial real estate industry has long sought signs of stability and growth in the office market. At Commercial Observer’s Fall State of Office Forum, Ben Brown, managing partner and […]
Read More....Real Estate Industry Pushes Back on Broker Fees
New York City renters can now bid farewell to broker fees. The City Council voted 42-8 to pass a bill prohibiting brokers from charging fees to renters when representing a […]
Read More....Real Estate Heirs Break the Cardinal Rule: Never Sell
William Rudin, heir to one of New York City’s top real estate dynasties, grew up with a cardinal rule his grandfather followed to build a property empire: Never sell. Despite […]
Read More....NYC Leasing Controversy Reveals Office Surplus
New York Mayor Eric Adams’s challenges grew last month when the Manhattan district attorney launched an investigation into the agency managing the city’s $1.5 billion real estate portfolio. On Tuesday, […]
Read More....Why EQT Exeter and Other Property Investors Call This a ‘Compelling Time’ to Buy
For insight into the recent uptick in commercial real estate deals, consider EQT Exeter, the real estate division of Swedish investment giant EQT AB and one of the world’s largest […]
Read More....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....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....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 […]
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