Some New Yorkers are packing their bags amid threatened Covid-19 lockdowns and heading south. The Southeast has seen a major increase in luxury home sales, and the majority of these sales are to transplanted New Yorkers. Co-founder of Maison Real Estate in...
Increasing Covid-19 cases throughout Brooklyn and Queens are creating fear of a second wave. Mayor de Blasio has imposed new restrictions that affect 20 zip codes, sending alarms about the economic consequences. The uncertainty is dramatically slowing lease...
The preliminary stages of office life returning to New York may begin with shared co-working office spaces. The low commitment and flexible options are alluring for many employers to test the waters of coming back into the central business districts. There are some...
One idea to use the vast amount of empty office space in Manhattan is for rezoning – to affordable housing. This transformation is not unfamiliar to New York; the 420-g program added 25,000 residential units to lower Manhattan in the 1990s. Today, the focus is...
Where there is a crisis, there is opportunity. Developers are creating alternative uses for their unrented space. An emerging trend is to convert retail to office space as demonstrated by Amazon leasing the former Lord & Taylor building in midtown...
Mark Zandi, chief economist for Moody’s Analytics predicts it will take New York City at least 2 years, and possibly more for New York City to recover. All of the advantages New York has to offer – Broadway, tourism, skyscrapers full of office workers, and...
