Despite IWG (International Workplace Group’s) loss of more than $300 million during the first half of 2020, they are planning to offer small, socially distant offices closer to employees’ homes. This avoids the need to travel using public transportation,...
New York City hotels are grappling with all-time low vacancy rates as a result of the pandemic. When the crisis began in March occupancy dropped from 90% to 15%, and has remained steady in the single digits according to the Commercial Observer. Creative thinking and...
New York’s financial industry is leading the way in bringing office workers back. Mudrick Capital, has already called back employees to the office as of Labor Day. JP Morgan Chase followed suit in calling more senior officials back this week. Citigroup and...
Suburban sales in Westchester and Long Island may have peaked; renters are returning to Manhattan. Residents are lured by above average deals on larger apartments while buyers are taking advantage of Brooklyn and Queens’ lowest prices in a while. While...
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...
