Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.
If suburban commuters would prefer office space in short walking distance from the three major transportation hubs in New York City, they may find options a bit limited.
With monthly leasing activity in the Big Apple having increased while seeing lower leasing volume year-over-year, the latest Colliers International Manhattan Monthly Snapshot for May 2020 is decidedly mixed.
Ever since JC Penney filed for bankruptcy earlier this month, rumors have swirled around potential buyers. The latest—and most dissected by insiders—is Amazon.
The Real Estate Board of New York is calling for a minimum of a 2.4% increase on rent-stabilized rents due to the financial burden COVID-19 has placed on property owners.