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Freshly Signs 12.5 Year Lease

Freshly Signs 12.5 Year Lease

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 Exits Manhattan Locations

WeWork Exits Manhattan Locations

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...
Speedy Distribution of Covid-19 Vaccine is Essential

Speedy Distribution of Covid-19 Vaccine is Essential

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...
“Unleasing” with Jeffrey Margolis, Real Estate Attorney

“Unleasing” with Jeffrey Margolis, Real Estate Attorney

Jeffrey Margolis, New York real estate attorney, has been busy with “unleasing”. Many tenants are rethinking their real estate space situation as the pandemic persists. There are some solutions to help tenants. It is imperative to contact a real estate...
E-commerce Firms Acquire Warehouse Space

E-commerce Firms Acquire Warehouse Space

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...
Co-Working Spaces Projected to be in High Demand

Co-Working Spaces Projected to be in High Demand

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...