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...
The latest estimate is for 15% of Manhattan office workers to return by the end of 2020. This is substantially lower than the same estimate of 26% made in August. The fear of a second wave and several outbreaks around the city are to blame for the delay. When asked...
The boom in e-commerce has developers focused on converting large shopping mall anchors (think Neiman Marcus, JC Penny, etc) to warehouses. The proximity to highways and parking beautify the transition. Below are some key factors to assess whether your property would...
Enrollment in public schools is dropping across the US as the pandemic continues. This is likely to affect funding as it is determined on a per-pupil basis. Towns and municipalities have reduced tax revenues due to the virus which reduces school budgets. Schools are...
Despite IWG (International Workplace Group’s) loss of more than $300 million during the first half of 2020, they are planning to offer small, socially distant offices closer to employees’ homes. This avoids the need to travel using public transportation,...
