News & Blog

The long-term nature of office leasing has delayed the market’s adjustment to the changes in office utilization triggered by the COVID-19 pandemic, allowing building owners to maintain some income from existing tenants. However, with the demand for office space still slow to recover, the upcoming lease expiration dates indicate potential...

New Yorkers often joke about living at the office, but new data from the Department of City Planning suggests this could soon be a reality for some. According to the Gothamist, 64 office owners have shown interest in the Office Conversion Accelerator Program, which facilitates converting offices into residential spaces....

The New York City Council paved the way for prospective casino developers by passing a bill on Thursday that permits zoning changes for state-approved gaming facilities. Under this legislation, developers awarded one of the three downstate casino licenses will have the opportunity to secure a zoning amendment, allowing them to...

The New York governor’s decision to withdraw support from a Manhattan tolling program, aimed at easing traffic and generating $1 billion annually for the transit system, has alienated not only the business community and commercial real estate but also lawmakers, advocates, and millions of daily transit users in New York....

Roll Up Nation vanished from NoHo last month, leaving behind only an expensive sound system, a few stray rolling papers, and a 1,927-square-foot epoxy mural on the ground floor retail space at 738 Broadway. The storefront, located directly above the Eighth Street/NYU stop on the R train, is now available...

The financial industry, a cornerstone of New York City’s economy for more than a generation, is showing signs of reducing its demand for New York offices. From the pre-pandemic years of 2017, 2018, and 2019 to the pandemic-shadowed years of 2020 to 2023, the square footage of Manhattan renewals and...