Commercial Real Estate
Manhattan Office Condo Market: Buyer’s or Seller’s Market in 2025?
New York City’s commercial real estate – especially Manhattan’s office sector – is grappling with a question similar to its residential market: Is it a buyer’s market or a seller’s….
Tenant Improvements in Manhattan Office Leases
When renting office space in Manhattan, one major consideration is tenant improvements, also known as office buildouts or fit-outs. In today’s evolving commercial real estate market, tenant improvements have become….
What’s the Future of Work: Home, Office, or Something New?
A Radical Shift in Work Patterns The COVID-19 pandemic forced businesses and employees into a massive remote-work experiment virtually overnight. Offices emptied out in 2020 as millions worked from home…..
24/7 Office Access in Manhattan
When leasing an office in New York City, one question that often comes up is: Can you count on accessing your workspace any time, day or night? Many tenants assume….
Is Lower Manhattan on the Verge of an Office Revival?
Short Answer: Yes. Long Answer … For decades, Lower Manhattan has been known as the borough’s most volatile submarket: when Midtown catches a cold, Downtown gets pneumonia. The area’s narrow….
Falling Commercial Property Values in Manhattan: What Tenants Can Do
The Current Landscape: Manhattan’s Office Market Reset In the wake of the pandemic, commercial property values have been falling dramatically in Manhattan, especially for office buildings. This isn’t a minor….
Office Construction Pricing in NYC: Why Costs Keep Rising and What Tenants Need to Know
A Shifting Landscape for Office Tenants Office construction pricing in New York City has been climbing at a pace that catches many tenants off guard. Today, it is not uncommon….
Disappearing Office Space: How to negotiate a dwindling inventory
Disappearing Office Space for Small-to-Midsize Office Tenants In the shadow of rising rents and gleaming new towers, a less visible — but just as urgent — crisis is unfolding in….
Local Law 97: What Office Tenants in Manhattan Need to Know
Understanding Local Law 97 Local Law 97 (LL97) is one of New York City’s most ambitious climate laws, targeting a drastic reduction in greenhouse gas emissions from large buildings—many of….
Understanding the Security Deposit in Manhattan Office Leasing
Security Deposit When leasing office space in Manhattan, tenants almost always encounter the requirement for a security deposit. Unlike residential rentals—where deposits are often capped by law—commercial security deposits are….