Commercial Real Estate

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….

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….

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 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….

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….

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….

If you’re leasing office space in Manhattan, you’ve likely come across a frustrating discrepancy: the square footage you’re told you’re getting (called “rentable”) and the amount of space you can….

When Building Security Becomes the Deciding Factor Security has always mattered. But after the recent tragic lone gunman attack at 345 Park Avenue—the deadliest office building shooting in New York….

Manhattan’s office market is evolving rapidly, and businesses searching for workspace have new concerns on their minds. Prospective tenants are not only looking at price and location – they’re also….

Common office lease terms NYC“How long are NYC office leases?”, “What lease term should I choose for my office?”, “Office space lease term options in Manhattan” Understanding Office Lease Terms….