Tuesday December 10, 2024

Commercial Real Estate

The Impact of Lease Expirations on the Manhattan Office Market

Manhattan’s office market, the largest in the United States with over 410 million square feet, is navigating a critical period of lease expirations. Nearly 55 million square feet of office….

SoHo Retail Market Thrives as Investors Flock to Prime NYC Real Estate

The retail market in Manhattan’s SoHo district is experiencing a robust revival in 2024, with investors eagerly purchasing properties in one of New York City’s most desirable shopping neighborhoods. Known….

Tech Industry Drives Office Demand Recovery in Key Markets

The commercial real estate landscape is experiencing a resurgence in tech demand, particularly in markets with a high concentration of tech companies. After a slower initial return to the office….

“The Impact of Limited Development on NYC’s Office Market: Why Scarcity is Driving New Leasing Dynamics”

With a wave of conversions and limited new developments in Manhattan, the city’s office market is experiencing an emerging scarcity of premium, well-connected office spaces. This trend is reshaping leasing….

“The Evolving Geography of New York’s Office Market: Why Micro-Moves are Redefining Corporate Relocation Strategies”

While traditional office migration in Manhattan has been about broad relocations across submarkets, an emerging trend of “micro-moves” is redefining how companies view their ideal office locations. By relocating within….

Park Avenue’s Office Market Resurgence: A Prime Opportunity for Tech Tenants

Park Avenue, one of Midtown Manhattan’s most iconic office corridors, is undergoing a significant transformation, bringing a surge in demand and rising rental prices. The boulevard, home to prestigious addresses….

Fifth Avenue’s Office Market: Rising Demand and New Opportunities for Tech Tenants

Manhattan’s Fifth Avenue is synonymous with luxury, from iconic stores like Prada and Hermes to landmarks such as St. Patrick’s Cathedral and the New York Public Library. During the holiday….

Midtown Manhattan’s Office Market Thrives as Demand for Premium Spaces Grows

In many parts of Midtown Manhattan, it’s as if the pandemic never happened. Office buildings are seeing a resurgence, and in several corridors, asking rents have once again surpassed $100….

Manhattan’s Coworking Market Remains Strong Despite Slight Reduction in Space

Manhattan continues to hold a prominent position in the coworking industry, even with a minor decline in its overall footprint. During the third quarter of 2024, the borough ranked third….

Midtown Manhattan’s Office Market Stays Resilient Post-Pandemic

Midtown Manhattan’s office market has proven to be incredibly resilient, even as other areas of New York City and beyond are still grappling with the aftermath of the pandemic. Despite….