Some landlords are adjusting rent, while others hold firm. Their decisions are reshaping New York City’s neighborhoods. Source: New York Times
Posts published in “Real Estate (Commercial)”
Manhattan’s Office Buildings Are Empty. But for How Long?
By Gotham Rex on September 8, 2020
As they grow accustomed to working from home, many businesses are delaying signing new leases until rents drop and the pandemic passes. Source: New York Times
How to Choose the Right New York City Suburb
By Gotham Rex on August 7, 2020
Set your priorities — walkable town, easy commute, good schools, waterfront access or something else? Then start exploring. Source: New York Times
Facebook Bets Big on Future of N.Y.C., and Offices, With New Lease
By Gotham Rex on August 3, 2020
Despite the pandemic, the social media giant leased all the office space in the former main post office at Penn Station in Midtown. Source: New York Times
Empty Towers, No Power Lunches: Ghostly Midtown Is Omen for N.Y.C.
By Gotham Rex on July 26, 2020
7,500 workers are missing from a famous building. A food cart sells 10 hot dogs a day. The virus’s effect on one block could be a vision of the city’s future. Source: New York Times
New York City Enters Its Broadest Reopening Yet: Offices
By Gotham Rex on June 22, 2020
As the city enters Phase 2, thousands will return to work even as many companies, worried about new cases, keep their workers home. Source: New York Times
Barclays Center: How a Once-Loathed Brooklyn Arena Became a Protest Epicenter
By Gotham Rex on June 16, 2020
Barclays Center helped displace hundreds of residents and businesses, but its plaza has become a town square amid the local Black Lives Matter movement. Source: New York Times