Major retail players are being hit especially hard in NYC. With office workers shunning the city en masse and tourism all but nonexistent, what does this mean for New York? Major retailers with flagship stores in New York are feeling the revenue loss as a result of...
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...
What is the new norm when returning to work? Different spaces are handling things differently, with some creative solutions to reduce the possible transmission of Covid19. The Related Companies of Hudson Yards has introduced infrared cameras in the lobbies of large...
The NYC market has seen a peak in activity this past month but that certainly is not an indicator just yet for what is to come. 71 % of this activity came as a result of renewals, including short term extensions. This is diametrically opposed to last year, where 71%...
There’s no sign Corona virus is going away anytime soon, as cities across the US continue to experience outbreaks. It’s never been more important to evaluate your commercial office space. Are your employees safe? What measures are being done to sanitize or...
The balance of power has definitely changed. White collar workers are proving they can work remotely for the last 5 months. What does this mean for your office space negotiation? More space available means more power for tenants when negotiating with their commercial...
