office
Office Attendance is at a New High
![Office Attendance is at a New High](https://wolfcre.com/wp-content/uploads/2024/07/Blogs-3-150x150.png)
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....Office Leasing in Manhattan is Improving
![Office Leasing in Manhattan is Improving](https://wolfcre.com/wp-content/uploads/2024/07/Blogs-2-150x150.png)
The Manhattan office market is showing notable improvement as we enter the second half of the year. Key indicators of this improvement include a potential peak in the overall office […]
Read More....Office Landlords Prefer a Type of Tennant
![Office Landlords Prefer a Type of Tennant](https://wolfcre.com/wp-content/uploads/2024/06/Untitled-design-3-9-150x150.png)
Many office landlords today are grateful for any lease they can secure to fill vacant space, but they do have preferences. Companies in the legal, banking, finance, and insurance industries […]
Read More....Office Building Being Sold for Less than Morgage
![Office Building Being Sold for Less than Morgage](https://wolfcre.com/wp-content/uploads/2024/06/Untitled-design-3-5-150x150.png)
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....Rising Risk in Office Lease Exposure
![Rising Risk in Office Lease Exposure](https://wolfcre.com/wp-content/uploads/2024/05/Untitled-design-3-9-150x150.png)
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
![Helping Employees Move from Burnout to Belonging](https://wolfcre.com/wp-content/uploads/2024/05/Untitled-design-3-8-150x150.png)
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
![NYC Offices Turning into Residential Conversions](https://wolfcre.com/wp-content/uploads/2024/05/Untitled-design-3-7-150x150.png)
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....Manhattan Office Tower with Saks Flagship Eyes Residential Conversion
![Manhattan Office Tower with Saks Flagship Eyes Residential Conversion](https://wolfcre.com/wp-content/uploads/2024/05/Untitled-design-3-4-150x150.png)
The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store seeks a permit to convert its office space to residential units. The 38-story building, located […]
Read More....Center City Leaders Prioritize Residential Growth Amid Office Slowdown
![Center City leaders focus on continued growth of residents as office lags](https://wolfcre.com/wp-content/uploads/2024/05/center-city-residential-150x150.png)
Since 2021, over 7,000 new residential units have been built in Center City, transforming its daily population over the past five years. The shift has been from office workers to […]
Read More....Being Together in the Workplace is Essential
![Being Together Turns Out to Be a Big Office Amenity After All](https://wolfcre.com/wp-content/uploads/2024/04/return-to-work-150x150.png)
For Mitch Goldenberg, the decision was clear-cut. Regardless of any return-to-office directive, it held little sway. “I reside in a one-bedroom apartment in New York City. It becomes monotonous,” remarked […]
Read More....Institutional Investors’ Retreat: Office Sector Red Line
![Office sector 'a red line' with institutional investors as they retreat from market](https://wolfcre.com/wp-content/uploads/2024/04/city-office-150x150.png)
Institutional investors have significantly reduced their involvement in the office property market, although alternative funding sources are stepping in to partially fill the void. According to a recent analysis by […]
Read More....Anticipate an Increase in Tax Appeals Amidst Growing Discrepancies Between Office Valuations and Assessments
![More Tax Appeals Expected as Divide Widens Between Office Valuations and Assessments](https://wolfcre.com/wp-content/uploads/2024/03/property-tax-150x150.png)
Office property owners nationwide are grappling with an additional challenge amidst increased vacancies and diminished demand, which is resulting in reduced building values and subsequently higher property tax bills. The […]
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