Save the date: Disruption Hits the NYC Office Market

I am proud to announce that I have recently been selected as a member of the Counselors of Real Estate, an elite group of international real estate advisors with extensive experience and achievements. As a Counselor, I shall be moderating a fascinating continuing real estate education seminar with three eminent speakers on November 8, 2017 [...]

By | 2017-10-19T14:22:53+00:00 October 18th, 2017|NYC Office Space|Comments Off on Save the date: Disruption Hits the NYC Office Market

Apple’s New California Facility: Is this the Model for Amazon HQ2?

Despite the dizzying pace of change, everything old is new again. Recently, all the talk is about which city Amazon will choose for its new headquarters. As we think of major tech office centers in the US, it is interesting to look at another company’s new building plans. […]

By | 2017-10-03T19:03:22+00:00 October 2nd, 2017|Wharton Property Advisors|Comments Off on Apple’s New California Facility: Is this the Model for Amazon HQ2?

NYC Office Trends: Smaller Spaces for Big Savings

New trends in office space: smaller spaces, more common area, and modern design. We have been seeing that top management of all NYC businesses—from law firms to finance firms—are reducing the amount of their office space in order to cut costs. Any reduction in office space costs goes right to the bottom line. […]

By | 2017-09-22T15:13:40+00:00 September 22nd, 2017|Wharton Property Advisors|Comments Off on NYC Office Trends: Smaller Spaces for Big Savings

Heads-up! Built-Out Spaces from Closed Hedge Funds May Yield Dividends for Growing Financial Firms

The VIX, which measures volatility in the stock market, is currently at historical lows. However, the turmoil in the hedge fund industry is increasingly high. As a result, some financial firms are downsizing or closing their doors. When the firms downsize, they assess their office operations and often seek to sublease some or all [...]

By | 2017-08-21T10:54:53+00:00 August 10th, 2017|NYC Office Space|Comments Off on Heads-up! Built-Out Spaces from Closed Hedge Funds May Yield Dividends for Growing Financial Firms

What Does a 21st Century Law Firm Look Like?

Given the economic pressures facing the legal industry, many law firms are either downsizing, folding outright or moving to new—more efficient—office spaces. Accordingly, there is a lot of activity in the law firm office space sector. Along with the above commercial forces at work, law firm layouts are changing. There is less need for secretarial [...]

By | 2017-07-25T14:51:27+00:00 July 24th, 2017|Madison Ave Office Space, Manhattan Office Space, NYC Office Space, Times Square Office Space, Wharton Property Advisors|Comments Off on What Does a 21st Century Law Firm Look Like?

Commercial Real Estate Concessions: Are You Getting the Best Possible Deal?

S&P Global Market Intelligence reported recently that, “it’s a good time to be in the market for prime New York City office space.” "I think we're starting to see a cycle that's beneficial for tenants. It's going to accelerate more.” Colp-Haber said in the report. However, many tenants that are in the market are disappointed [...]

By | 2017-07-13T11:43:48+00:00 June 28th, 2017|NYC Office Space|Comments Off on Commercial Real Estate Concessions: Are You Getting the Best Possible Deal?

Three Reasons You Need to Hire Your Own Commercial Real Estate Agent

Obtaining new office space is one of the major decisions that your company will make. Despite that fact, some business people mistakenly think that they have the ability to negotiate a lease on their own—or alternatively, they naïvely use multiple brokers in an attempt to obtain a good deal on space. […]

By | 2017-07-13T11:43:48+00:00 June 20th, 2017|Manhattan Office Space, NYC Office Space|Comments Off on Three Reasons You Need to Hire Your Own Commercial Real Estate Agent

How Your Firm May Benefit from the Current Hedge Fund Turmoil

We are seeing a lot of activity in the hedge fund sector. Many funds are restructuring their operations, and as a result, new vacancies are coming online. These offices all have substantial infrastructure, furniture, and phones left in place. The spaces are suitable for broker dealers, private equity firms, fintech, and, of course, other hedge funds. If [...]

By | 2017-07-13T11:43:48+00:00 May 23rd, 2017|Chelsea Office Space, Manhattan Office Space, NYC Office Space|Comments Off on How Your Firm May Benefit from the Current Hedge Fund Turmoil

New NYC Neighborhoods: World Trade Center—Media & Tech Hub

The new World Trade Center is a sprawling 16 acre mixed-used environment composed of 5 iconic office towers, an 8-acre Memorial Plaza, and over half a million square feet of shopping and dining. The transportation hub makes it one of the most convenient destinations to access in the city. […]

By | 2017-07-13T11:43:48+00:00 May 4th, 2017|NYC Office Space|Comments Off on New NYC Neighborhoods: World Trade Center—Media & Tech Hub

Office Space for Law Firms? The Verdict’s In

Traditionally, law firms have required a unique type of office space. Given the cerebral and confidential nature of their work, separate windowed offices are a requirement for attorneys so lawyers may have quiet and privacy. As a result, most law firms find that open bull pen space does not work well for their use unlike most [...]

By | 2017-07-13T11:43:48+00:00 April 18th, 2017|NYC Office Space|Comments Off on Office Space for Law Firms? The Verdict’s In