Asking rents for major retail space are dropping across NYC’s 5th Avenue, LA’s Rodeo Drive, Chicago’s Michigan Ave, and the Las Vegas strip. For the first time since 2011 prices have dropped below $700 per square foot – an 11.3% decline from a...
Lenders have already begun taking some property owners and developers who are late on their payments to court. In hopes of minimizing their financial losses, and protecting their investors many are seeking foreclosures on their interests in these properties. Many of...
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...
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...
Why an Exclusive Broker Is the Right Choice During the course of a conversation with a tenant, they asked why anyone would want to use an exclusive broker to represent them in finding and negotiating a lease. Of course, any tenant in the market for a space has full...
