The KNOG

Violating safety regulations has led to building inspectors shutting down over 300 city construction sites. Seven construction worker deaths have occurred this year. Construction worker injuries have been on the rise as well, with 1,097 injuries occurring on sites...

Covid-19 changed patterns of work and travel in New York City. The result of which is New York’s economic recovery lags the rest of the country. In New York, only half of the jobs lost due to the pandemic were restored. This is in part to New York’s dependence on...

The New York City Economic Development Corporation is encouraging proposals from the property technology industry to help make buildings more energy efficient and environmentally sustainable.   The Mayor's office for Sustainability along with the New York City Housing...

Early stage investment firm, Left Lane Capital, is leaving Manhattan for Brooklyn.  The firm just signed a lease at Ten Grand in Williamsburg. They are leaving TF Cornerstone's 152 W 57th St.   Other tenants also leaving Manhattan for Williamsburg's Ten Grand...

New York hotel occupancy has “soared” to 65.4% as of March 21st - one of the highest occupancy rates we've seen since the pandemic began. There is one disclaimer however - these calculations are coming in from a reduced base of inventory.   A representative...

In Manhattan, empty retail space is flourishing as the once bustling streets of office employees dwindle.   Rent reductions offered by landlords is sustaining many retailers. But, how long can this continue? Many retailers are not making ends meet even with...

Commercial brokers are doing everything they can to get employees back to the office. Zoom tours, embracing the idea of flexible workspace - subletting, flexible leases, and making the office a desirable place to be.   Bruce Mosler, chair of global brokerage for...

Freshly, the prepared meal delivery service, has moved its offices to 28 East 28th street. The company acquired 92,000 square feet of space for a 12.5 year period. Freshly plans to move into the space in the summer of 2021. Freshly is owned by Nestle. Companies that...

WeWork has exited several leases across Manhattan including locations in Midtown, the Meatpacking District, and Soho. CEO Sandeep Mathrani told Reuters that WeWork is "completely on track" to turn a profit by the year's end. WeWork's board is in discussion regarding...

Real estate experts agree the speedy distribution of the Covid-19 vaccine is essential for commercial real estate and the economic recovery of the city. Without a vaccine employers will be hesitant to bring back employees, leaving the city in its empty shell state...

According to a CBRE report, industrial space has had a robust 2020. E-commerce firms have grown due to the pandemic. Firms acquired New York's most desirable warehouse space. The third quarter of 2020 saw a 71% increase in the signing of industrial space compared to...

Although co-working spaces have had a rough year during the pandemic, there is light at the end of the tunnel. JLL  predicts flex options will compromise 30% of the office market by 2030.    This is due to increased demand for flexible options by large...

Governor Cuomo is proposing to create regulations to allow the conversion of vacant commercial and hotel space in Midtown Manhattan into housing. The legislation would create a 5 year period in which owners of the buildings will be able to convert the use of their...