Sage Implements Hotel-Inspired Branding to Office Portfolio, Redefining...
Owners of office product have been increasingly looking toward hospitality as part of a strategy to make the office a desirable destination for workers. But Jonathan Kaufman Iger, CEO & President...
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How 817 Broadway’s Pre-Built Spaces Integrate Modern Design in a Classic Setting
In today’s market, tenants are faced with the challenge of finding office space that appeals to their employees, provides access to amenities, and offers flexibility as their companies evolve. As...
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Fried Frank’s Jen Yashar On Lease Renewals for a Strained But Resilient...
Jen Yashar One of the biggest ongoing question marks in commercial real estate is the state of the office market, which faces tremendous challenges due to the introduction and continued prominence of...
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The Gallery at West Brickell to Provide Affordable Housing to Miami’s Workforce
JPMorgan Chase is no stranger to financing much-needed affordable housing in low- to middle-income communities. The firm has deployed $5 billion around the country to assist in the creation of such...
View ArticleHow The Jones Network Modernizes Insurance Compliance for Real Estate Portfolios
Not long ago, the subject of insurance compliance was not something that commercial real estate executives discussed on a strategic level. At best, it was viewed as a matter of pesky paperwork being...
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Times Square Rent Increase Largest Among Midtown Submarkets This Year
Previously, I wrote about the submarkets that surpassed the historically high asking rent of the 2007/2008 peak, and not surprisingly, all three submarkets were in Midtown South. But which submarkets...
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To Be Class C in Manhattan
Ah, the Class C building. To put it delicately, it is considered…less than desirable. Typically, these properties require numerous upgrades and represent the most affordable alternatives in the market....
View ArticleAbsorbing It All in Manhattan
Nothing gets my research blood pumping more than a good absorption statistic, or even better, a trend. Yeah, I admit it—that’s about the nerdiest thing I think I have ever said (and I’ve said a lot of...
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Class A Properties Represent Majority of Available Space in Manhattan
Manhattan Class A space currently accounts for 62 percent of the available supply in a recovering market. Yes, you read that correctly—62 percent in a recovering market! If you look back at the...
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For First Time in Recent History, Class B Availability Lower Than Class A
A flight to value is occurring in the Manhattan office market as Class B office product remains in high demand. At 10.6 percent, the current availability rate for Class B space is 170 basis points less...
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Midtown Class A Rent Makes Leap
The Midtown Class A average asking rent, defying a rather weak leasing market, jumped 2.4 percent in the third quarter to close at $76.75 per square foot and is now at its highest since attaining...
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