Christmas miracle: Manhattan's available office sublet space declines to levels last seen in 2020
A decline in space additions and uptick in leasing have caused sublet availability to dip
The holidays continue to bring welcome news for New York office owners.
New apartments in the Bronx set for a steep decline after 2024
Supply wave, which boosted new inventory over the past two years, is set to dissipate
Due to heavy industrial zoning, a lack of retail near buildable land, and New York City's lowest median incomes, developers have historically shied away from the Bronx.
Fast-growing food delivery startup boosting Northeast retail scene
Wonder has opened nearly 30 locations over the past year
In early November, Wonder, a food delivery startup, announced it is acquiring Grubhub, a leading food ordering platform, for $650 million. The purchase was meant to align Wonder's ...
Looking to rent in New York? Some brokers say you may need a six-figure income soon
After broker fee change for apartments takes effect, critics say landlords will raise rents to compensate
Can New York rents be even more expensive? That's what some brokers predict after the New York City Council voted to ban the practice of tenants paying apartment broker fees even w...
More people continue to leave New York than move in, but that rate is narrowing
Relocating New Yorkers primarily flocked to Florida, New Jersey, Pennsylvania in 2023
New York's population loss appears to be moderating, according to new estimates from the federal government, possibly indicating that a continued push for more in-office work among...
New York's retail sector on verge of leasing milestone
Annual retail leasing on pace to exceed 10 million square feet for fourth-straight year
Never in New York's history has leasing surpassed 10 million square feet for four-consecutive years. From 2016 to 2018, retail leasing in New York surpassed 10 million square feet,...
A World Series commercial real estate showdown
New York and Los Angeles markets step up to the plate
It's late October, the time when sports fans turn to baseball's World Series. This year the New York Yankees and the Los Angeles Dodgers square off in the fall classic.
These startup hot spots are getting the lion's share of venture capital investment
Quarterly decline in deal counts and deal volume witnessed across the US
After three consecutive quarters of improved venture capital activity, investors took a step backward during the third quarter of 2024.
These potential conversions are behind the largest office space reduction in Manhattan's history
High availability levels and a dire need for more housing fuel office-to-residential conversions in downtown Manhattan
With a plethora of vintage office space lying vacant, talk of office conversions continues to pick up steam with every passing day.
Manhattan's available office space sees biggest quarterly decline in history
Available office space declines 120 basis points quarter over quarter
Manhattan's office market took its next step on what is slated to be its long road to a recovery during the third quarter of 2024.
Despite a recent decline, office availability remains high in Brooklyn, New York
Availability rate declined 60 basis points since the end of the second quarter
After increasing for four consecutive quarters, the amount of available office space in Brooklyn, New York, appears to be on the decline.
Leisure and hospitality sector is driving job gains in New York City
Office-using jobs trending in the opposite direction over the past 12 months
More than 96,000 jobs were added in New York City over the past 12 months, according to the latest data provided by the New York State Department of Labor.
Westchester County, New York, on verge of record apartment construction
About 3,700 apartment units set to open by year-end
Since the start of 2021, an apartment construction wave has swept across New York's Westchester County, with a record total of units projected to open by year's end.
Apartment construction slows to a crawl across New York City
Construction activity on pace to decline by nearly 80% year over year
As the final quarter of 2024 approaches, there is a notable slowdown in new apartment construction across New York City.
Industrial sublet space reaches an all-time high in New York
Available sublet space is currently approaching 8 million square feet
Industrial sublet space continues to rise in New York, but this time, it has officially surpassed an all-time record.
After two years, available industrial space in New York is finally declining
Last time a decline in availability occured was during the second quarter of 2021
The wave of available industrial space that has been added across New York over the past two years appears to finally be shrinking.
Renters in Manhattan Taking What Few Options Are Left in 2024
Boost in Renter Demand Is Making Options in an Already Tight Market Hard To Find
The demand for apartments in New York has historically been high, but demand levels in the first half of 2024 are comfortably exceeding those witnessed last year.
New Office Construction Set to Hit All-Time Low in New York
Less Than 250,000 Square Feet of Space Has Started Construction Since the Beginning of the Year
A dramatic slowdown in new office construction is underway in New York, with totals declining for seven consecutive quarters.
Office Leasing Exceeds Pre-Pandemic Totals in These New York Neighborhoods
Tenants Flock to Areas of Midtown Manhattan
Leasing activity throughout the entire New York office market has yet to match pre-pandemic averages, lagging by about 20% of totals witnessed at the mid-year point between 2017 an...
New York Tenants Make it Clear: They Want the Best Space
Available Space in Trophy Office Buildings Declines Considerably
Manhattan office tenants are gravitating toward the best office space, so much so that there is far less of it compared with just a year ago.