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The Power Shift in the Market

The Power Shift in the Market

70-90% of tenants are still paying their rent. As a result landlords are having negative cash flows. It is now a tenant favoring market. Landlords and banks will be impaired as this continues. Rents will likely go down as demands go down. Vacancies are likely to...
How is the Future of Retail in NYC Effecting Your Lease?

How is the Future of Retail in NYC Effecting Your Lease?

Major retail players are being hit especially hard in NYC. With office workers shunning the city en masse and tourism all but nonexistent, what does this mean for New York? Major retailers with flagship stores in New York are feeling the revenue loss as a result of...

The Importance of Teamwork in Lease Negotiations

The Importance of Teamwork in Lease Negotiations When an entity is in search of a new space for its operations, there are some key players who make the deal happen. I happen to be a licensed attorney in New York State, but in my role as a tenant representative, I am...