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So far Manhattan Office Space has created 67 blog entries.

The world is turning on its head (Lease Renegotiation Upcoming)

As we all know, our personal worlds and the business world are changing with head-spinning speed. Some businesses will see the opportunity, but the vast majority will be adversely affected. All will need to adapt to the new reality and find their footing quickly. Accordingly, before the scourge is over every business will […]

By |2020-03-24T15:35:10-04:00March 24th, 2020|nyc office space renegotiation|Comments Off on The world is turning on its head (Lease Renegotiation Upcoming)

Coronavirus and the Force Majeure Office Lease Clause

Amid the flurry of coverage regarding the Coronavirus, a recent article in the Financial Times caught my attention. The article stated that 3,325 companies had been issued certificates by the Chinese government authorizing them to void contracts worth $38.5 billion.

Similarly, the Indian Financial Ministry issued an office memorandum stating that disruption of […]

By |2020-03-04T19:42:56-05:00March 4th, 2020|NYC Office Space|Comments Off on Coronavirus and the Force Majeure Office Lease Clause

A New Approach for Landlords – If the Tenant Owes Too Much Money, Buy the Company

Simon Property Group and Brookfield Properties were faced with a Hobson’s choice in the Forever 21 bankruptcy. Should they let yet another retailer – Forever 21 – which was an anchor tenant in many of their malls be liquidated, or should they mount a last ditch effort to save the tenant by purchasing it out […]

By |2020-02-27T09:30:54-05:00February 27th, 2020|Midtown NYC Office Space|Comments Off on A New Approach for Landlords – If the Tenant Owes Too Much Money, Buy the Company

Lying and the Importance of Honesty in Real Estate

Several friends recently called my attention to the fascinating recent article in the New York Times regarding the well–known retail real estate broker Faith Hope Consolo who was found to have numerous misrepresentations concerning her life history (see the link at the end of this piece). While on one level this is a […]
By |2020-01-24T10:36:59-05:00January 24th, 2020|Madison Ave Office Space, Midtown NYC Office Space, Sublease Extra NYC Office Space, Sublet Extra NYC Office Space, Wharton Property Advisors|Comments Off on Lying and the Importance of Honesty in Real Estate

The Rise and Possible Fall of WeWork – 3 Key Issues for Wary NYC Office Tenants

Our well-informed readers are all familiar with the meteoric rise and startling fall of WeWork.

 

Personally, I often look to historical analogies or the Classics to help better analyze current events. I see parallels to be found here in the Greek myth of Icarus. Like Icarus, WeWork flew too close to the sun. Like many impatient but […]

By |2019-12-12T06:30:08-05:00December 12th, 2019|NYC Office Space|Comments Off on The Rise and Possible Fall of WeWork – 3 Key Issues for Wary NYC Office Tenants

The Impact of a Potential WeWork Bankruptcy – the Day of Attornment?

Recent disclosures regarding WeWork’s cash flow problems include the news that it has hired the law firm Weil Gotshal & Manges as restructuring counsel. This inevitably leads to speculation about the shape of a potential bankruptcy filing if the present negotiations with Softbank regarding a recapitalization or JP Morgan Chase regarding new financing are unsuccessful. […]

By |2019-10-15T12:40:24-04:00October 15th, 2019|wework space nyc|Comments Off on The Impact of a Potential WeWork Bankruptcy – the Day of Attornment?

WeWork – 5 key points missed in the IPO uproar

We at Wharton Property Advisors are real estate advisors and not investment bankers, so we will leave the analysis of the initial public offering valuation and process to others. However, it strikes us that the recent gleeful reporting about the potential decline and fall of the WeWork empire is greatly exaggerated and totally misses the […]

By |2019-09-24T15:57:27-04:00September 24th, 2019|NYC Office Space|Comments Off on WeWork – 5 key points missed in the IPO uproar

Manhattan Flex Office Space Growth Explodes, 15 Million Square Feet Added in Last 5 Years

Flex Office Space Footprint in Manhattan Has Grown 300 Percent Since 2015

According to a new report from CBRE, the flexible office space footprint in Manhattan has tripled to 15 million square feet over the last five years as providers’ offerings have evolved, new players entered the market and new flexible space models have arisen.

Manhattan is […]

By |2019-09-17T13:03:36-04:00September 17th, 2019|Downtown NYC Office Space, google nyc hq2, Madison Ave Office Space, Manhattan Office Space|Comments Off on Manhattan Flex Office Space Growth Explodes, 15 Million Square Feet Added in Last 5 Years

An exciting new approach to work as we return from summer holiday

As many of us sluggishly return from our summer and Labor Day holidays, you may find this article in the Financial Times inspiring.  The author Pilita Clark argues that working more hours does not necessarily translate into greater productivity. In contrast, she suggests that we would be better served by following the examples of such […]

By |2019-09-05T11:40:54-04:00September 5th, 2019|NYC Office Space|Comments Off on An exciting new approach to work as we return from summer holiday