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%...
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...
Interest Rates: Too Low for Too Long Recently, there was an article in Bloomberg News entitled Negative Rates Hit Global Shipping Market. The article details remarks from Nils Smedegaard Andersen, CEO of shipping giant A.P. Moeller-Maersk (“Maersk”). Andersen makes a...
As the Economy Stumbles, Subletting Soars Last year I had the pleasure of representing a foreign client who wanted to find a retail space. One of the storefronts we were considering was adjacent to a large corner unit that was leased to an accessory unit of a world...
