Dec 19, 2019Weekly Market Report - December 19th, 2019WeWork Update · WeWork told employees not to delete or leak any information from their computers. If they do, there would be consequences...
Dec 13, 2019Weekly Market Report - December 13th, 20194 Things NY’s Commercial Real Estate Industry is Watching for in 2020 Going into the next decade, the commercial real estate industry is...
Dec 5, 2019Weekly Market Report - December 5, 2019The Fallout of WeWork & How Other Co-working Firms Follow – The largest tenant in NYC with approximately 7 million square feet Last week,...
Nov 27, 2019Weekly Market Report - November 27, 2019Facebook Signs Hudson Yards Lease Facebook has now completed a lease at Hudson Yards for over 1.5 million sf across 30 floors and three...
Nov 21, 2019Weekly Market Report - November 21, 2019Is the Trade War in China affecting the Real Estate Market? In July 2018, the trade war with China had started. The U.S implemented its...
Nov 18, 2019Weekly Market Report - November 14, 2019Trump vs. NYC Landlords When Trump got elected into office four years ago, people didn’t know what to expect. However, fast forward to...
Nov 8, 2019Weekly Market Report - November 8, 2019Midtown down in Third Quarter In the 3Q, Midtown’s leasing activity dropped to 2.2 million sf of total deals. That is down more than 30%...
Oct 31, 2019Weekly Market Report - October 31, 2019Rents are on the Rise while Lease Expiration's Loom In Manhattan, leases of law firm space are expiring between 2021 and 2024. A total of...
Oct 24, 2019Weekly Market Report - October 24, 2019 Part 2W Hotels Getting a Revamp Last week Marriott International acquired the W Hotel in Union Square for $206 million. The purchase of this...
Oct 24, 2019Weekly Market Report - October 24, 2019WeWork’s Purchase of Old Lord & Taylor Building is Backfiring In January, WeWork jumped into an $850 million deal to buy Lord & Taylors...
Oct 3, 2019Weekly Market Report - October 3, 2019The Demand for Flex Space in Manhattan In Manhattan, flexible leasing space makes up 3.6% of its total office leasing inventory, while...
Sep 27, 2019Weekly Market Report - September 27, 2019WeWork CEO Steps Down WeWork CEO Adam Neumann stepped down after a board meeting on Tuesday. Since 2010, he has built “one of the most...
Sep 18, 2019Weekly Market Report - September 18, 2019Apple Looking for Big NYC Space Apple has entered the race of tech companies to lock down office space in Manhattan. They are looking for...
Sep 12, 2019Weekly Market Report - September 12, 2019How Opportunity Zones and Co-Working Spaces Joined Forces While opportunity zones were created to increase development in troubled...
Sep 5, 2019Weekly Market Report - September 5, 2019City is Spending Too Much on Office Space Since Mayor Bill de Blasio took office in 2014, New York City has spent at least $1 billion on...
Aug 28, 2019Weekly Market Report - August 28, 2019NYC Landlord Sues WeWork Last Tuesday, Belvedere Management Co., the landlord of 21-33 Irving Place, filed a lawsuit in the NY Supreme...
Aug 15, 2019Weekly Market Report - August 15, 2019Office Leasing in Manhattan · Midtown leasing continued slowing down in June, totaling just under $1 million SF, which is down 21% from...
Aug 14, 2019Weekly Market Report - August 7, 2019Fed Cut to Boost NYC Economy Last week, The Federal Reserve cut the interest rate, which has shown to be a good thing. This cut is going...
Aug 10, 2019Weekly Market Report - July 30, 2019Fifth Avenue Being Eyed by Amazon (Former Lord & Taylor building) After bailing on building a campus in Long Island City, Queens last...
Aug 9, 2019Weekly Market Report - July 23, 2019WeWork Owner Cashes Out Co-founder of WeWork, Adam Neumann cashed out more than $700 million from the company ahead of its public...