How Much for a Killer View?
Tourists may hunt for a view of the skyline, and house hunters may look for a view of the river, but when it comes to commercial real estate, the most expensive view around is that of Central Park. Looking at the green will cost you green!
Where to Find the Cheapest Office Space
If you’re looking to find the cheapest office space in New York City, there’s nowhere better than downtown Manhattan (defined as south of Chambers Street, river to river).
How Tech Firms Have Disrupted NYC Office Leasing As We Know it and the New Downtown
There’s a tech revolution happening in New York which has hundreds, if not thousands, of new tech companies growing rapidly, gobbling up space in the city and majorly disrupting the NYC office market.
Conflict of Interest: The Problem With Being All Things to All People
We’ve talked a lot in the past about the importance of businesses using a tenant representative broker, but wanted to take this opportunity to go a little deeper into why having someone exclusively on your side is so important.
Leasing Space as a Startup
Not long ago, tech startups weren’t thinking New York. But times have changed, and over the past few years, there’s been a tech explosion in New York City, making it one of the hottest destinations for tech firms, rivaling Boston and Silicon Valley as the place to be when building a business from the ground up.
Real Estate Tax Incentives
Since 2001, the city has been working hard to revitalize the neighborhood by diversifying its tenant mix with tech firms, media companies and not-for-profits. The city has been successful in doing this in part by offering many financial incentives for businesses willing to relocate Downtown south of Chambers Street – from grants to tax abatements and more.
The Rise of the Tech Firm in NYC
Unprecedented things are happening here in New York – the tech market is leaving Silicon Valley behind for greener pastures, and finding those greener pastures here in Gotham. What’s going on? What are tech companies doing in NYC, scooping up previously unpopular buildings and turning them into hotter than hot commercial real estate?
The Big Apple: Understanding Office Options
If you’re an international company thinking about opening shop in Manhattan, it’s daunting to know exactly where you should be, what it costs and what options make sense for your needs and your industry. We put together an overview of the main areas for office space, what they cost and what companies you’ll find there.
Do Small Tenants Matter to Landlords?
Small businesses are the lifeblood of New York City’s commercial real estate market – and yet, we hear all the time how afraid these same tenants are of their landlords and their broker’s. The reality? Small tenants have nothing to fear.
What is an SNDA and Do I Need One?
An SNDA basically says that if a building goes bankrupt and the lender takes control of the building from the landlord, the lender will honor your lease. People tend to get very freaked out about SNDAs, but the truth is, they’re nothing to go crazy over. Find out why…
How to Minimize Your Security Deposit
“What is a normal security deposit?” is a question we hear all the time. People are always looking to minimize the amount of money they have to fork over for a security deposit – and while there are ways to do so, there’s no foolproof method to achieving a lower security deposit.
Real Estate Taxes and What They Mean to You as a Tenant
Did you know that the single largest expense for a commercial office building landlord in Manhattan (outside of debt service) is real estate taxes? And that 48% of the city’s total tax revenue is derived from real estate related taxes? Were you aware that in the last decade, real estate taxes have increased by 108%?