Everyone knows how uncomfortable New York can be in the summer. The humidity, the sweat, and the sauna-esque subways. Everyone is counting down the days for the weekend or summer Fridays when they can take the first bus or train out to the beaches. Landlords, tenants, lawyers, and brokers all can finally agree that breaks from the heat are needed. […]
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As commercial leases usually range from 3-10 years, it can be very difficult for some businesses to determine what their office needs will be for the duration of the lease. Of course, this all depends on the growth trajectory of a specific business. More stable businesses, such as accountants or lawyers for example, will have a much easier time predicting […]
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Opinion If you look around commercial real estate newspapers it seems that there is a rise in vacancies across Manhattan. This might be because of the massive, and I mean millions of SF, of office space being added to the commercial market via new Hudson Yards and Financial District construction. However, the more telling statistic, that would reflect the market […]
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