The last 10 years have been a landlord’s market. This is all changing as collections are increasing and landlords are seeing negative cash flows. As of April, the general consensus was 70% of tenants were paying rent. May and June saw even lower rates of...
Regus has filed for Chapter 11 on over 100 locations across the US, with 6 located in New York. These shared office spaces were based in Manhattan, Brooklyn, and Long Island City. This is in line with parent company, IWGs plan to trim 4 % of its global portfolio as a...
July saw a massive jump in housing sales everywhere except Manhattan. Westchester County, Long Island, Brooklyn and Greenwich, CT, all saw increases in sales, some as high as double the usual rate. Pending deals in Manhattan fell by 47% in the price range of $599k to...
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...
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...
