The KNOG

ChatGPT and other AI technologies could save the commercial real estate industry $400 billion by 2030. The real estate industry is not typically thought of as tech-savvy, but the emergence of ChatGPT and other AI technologies could revolutionize the industry,...

Things will never be the same now that millions of employees have had a taste of remote-work, especially for many office building landlords. Low occupancy, high interest rates, and other factors are making it more difficult for commercial building owners to stay...

  Data shows that productivity is higher with a remote office. As many companies are urging their employees back into the office, many are noticing that productivity often declines when doing so.  But how could this be?  It has always been agreed on that...

A Porsche Taycan is the latest off the beaten path tactic used by landlords to draw in tenants.    Marx Realty recently purchased a $100,000 electric Porsche Taycan to lure in tenants to their 10 Grand Central office tower. The Porsche, known as the Marx mobile,...

Midtown houses blocks of old office buildings. These buildings are too old to attract new tenants, but not old enough to be demolished or used for another purpose.   If you look at Third Avenue between 42nd to 59th Street, we see this problem in plain sight: the...

New York is entering a renaissance period for its hotels. Luxurious and boutique hotels are in development over the five boroughs to welcome the new surge in tourists and business travelers. 12,000 new hotel rooms are expected to open within the next 3 years....

Summer is over and many employers are asking employees to come back. Five days in the office can feel overwhelming when many employees are used to working from their living room. Goldman Sachs, Tesla, Bank of America, and Morgan Stanley are requiring employees to...

Author, Malcolm Gladwell is not in favor of working from home. He believes people need to come into the office to feel a part of something larger than themselves. Gladwell may have a point. Employers agree with this sentiment. However employees see it differently....

Seventy countries are taking part in a 4-day work week trial. Research institute, Autonomy, is running a study testing whether workforces can achieve the same output while working 80% of their previous hours (and paying the same wages, disregarding the time...

Chief Economist of the National Association of Realtors, Lawrence Yun, believes commercial real estate will excel despite rising interest rates.    Industrial, retail, hotels and hospitality are doing well. He believes the residential housing shortage will boost...

Turnbridge Equities is developing New York's largest industrial property, a 1.3 million square foot logistics center in the South Bronx.  The Hunts Point based property has a 2-story warehouse, a 5-story parking garage, and will include rooftop solar panels....

Real estate brokerage firm, Savills is making changes similar to those seen in Silicon Valley for its New York office. "Living walls" (walls covered in plants), standing desks, podcast rooms, zoom rooms, cold brew on tap, and luxury espresso machines are some of the...

The new and renovated commercial spaces in New York are in high demand.   Jordan Barowitz, VP of public affairs for the Durst Organization, believes the renaissance for the commercial market is right behind the current high demand for New York's residential...

CBRE's Global Spring 2022 Occupier Sentiment Survey, based on 185 companies with offices located in the US, reveals companies are now planning their office portfolios around hybrid work.  39% of these companies plan on expanding their office portfolio. This is based...

According to the Association of Foreign Investors in Real Estate, (AFIRE) 2022 International Investor Survey Report, international investors are very interested in the US commercial real estate market, in both the short-term and long-term.  80% of investors surveyed...