Big tech has not allowed the pandemic to impact their office space acquisitions in New York. Apple, Amazon, Google, and Facebook are all showing massive signs of faith in the restoration of New York as they all have recently acquired enough space to hold more than...
As the pandemic continues to unveil across Manhattan many young professionals are taking advantage of the remote working situation and trying out new locations. This is a (likely) once in a lifetime chance for many to experience living in different environments while...
New York state is helping small businesses with the New York Forward Loan Fund (NYFLF). This is designed to help small businesses, non-profits and residential landlords with operating and re-opening expenses as a result of the Covid-19 pandemic. 90% of all New York...
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...
What is your landlord doing to satisfy the demand for more cleaning? Using more sanitizer and upgrading your air conditioner is likely necessary. These costs may be passed onto the tenant depending on your commercial lease. Typically larger tenants will take on the...
