New York
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
When office vacancy rates hit record highs and tenants return space in large numbers, you’d expect rental rates to drop. But today’s reality defies that logic. Despite unprecedented vacancies and […]
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 […]
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....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....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....City Council Passes Zoning Change to Allow for NYC Casino
The New York City Council paved the way for prospective casino developers by passing a bill on Thursday that permits zoning changes for state-approved gaming facilities. Under this legislation, developers […]
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