Downtown report finds COVID impact worse than 9/11 or financial crisis
Ninety percent of workers from New York’s financial heart are still operating from home. Nearly half of Lower Manhattan’s population has left, and three hotels...
Tag : office leasing
Manhattan office market braced for worst
Total office leasing volume in Manhattan in the second quarter fell to a level not seen since the second quarter of 2009, according to Avison...
COVID pause has big effect on Manhattan office leasing
City brokers are braced for a torrent of “biblical proportions” as the office leasing market fights the effects of the enforced pause brought about by...
Businesses want to get back to work – on their terms
There have been many articles regarding the future of the office. Pundits are speculating about its new form and whether the office will even survive...
Virus batters New York’s office leasing sector
The COVID-19 global health pandemic is taking a toll on the Manhattan office leasing market, with many occupiers of space pushing the pause button on...
75 percent of office tenants looking for rent concession
City brokers say owners need to offer “significant concessions” to keep tenants from reneging on their office leases. “I don’t believe people will all be...
Two tech firms moving to Durst’s 1155 Avenue of the Americas
The Durst Organization has announced that two technology companies, blockchain software firm R3 LLC, and Check Point Software Technologies, Inc., a cyber-security firm, have signed...
Jobs boom pushes Manhattan office rents north
A booming jobs market and dearth of new office development has pushed Manhattan office rents to new highs. The borough’s asking rent average reached a...
Germany’s Bundesliga scores Park Avenue South office space
Germany’s top soccer league has scored prime office space in Midtown South. Bundesliga International, the marketing arm for the premier league in the Deutsche Fußball...
The Factory draws another company to Long Island City
Here’s one way to get the word out about the Long Island City office market. Halo Branded Solutions, one of the top producers of promotional-branded...