The Dominoes are Starting to Fall

There have been several excellent articles recently about whether the glass representing the future of New York and urban America is half empty or half full. We don’t yet know in a metaphorical sense. However, we do know that offices are literally half full with 49.6% employee attendance in New York City and 49.0% nationwide. […]

The Dominoes are Starting to Fall2022-12-12T18:51:35-05:00

A New Incubator to Develop Actionable Ideas for NYC

As recently reported, a new cutting-edge thinking tank called the 5Boro Institute was recently formed by civic and business leaders including former Lieutenant Governor Richard Ravitch. The group has close ties to Mayor Adams, and its purpose is to promote new and actionable ideas to improve the city by advancing responsible, equitable and creative solutions […]

A New Incubator to Develop Actionable Ideas for NYC2022-10-19T16:30:40-04:00

Why so many lawyers are going into the office, and why that is important 8/10/2022

We have been tracking a fascinating trend in the legal industry in which their employees are returning to the office at substantially higher rates than other businesses. According to the widely-followed Kastle Systems back-to-work barometer, employees at law firms nationwide have approximately 80% average occupancy office attendance as opposed to 45% for all industries, a […]

Why so many lawyers are going into the office, and why that is important 8/10/20222022-08-11T15:12:35-04:00

Our 5 Point Plan to Protect Office Tenants Against Inflation 3/23/2022

While we often comment on broader trends in real estate and the NYC economy, it is also important to go back to basics from time to time. As everyone is aware, the effects of inflation are being felt in both our business and consumer lives. Commercial real estate is no exception due to increased […]

Our 5 Point Plan to Protect Office Tenants Against Inflation 3/23/20222022-08-11T15:14:51-04:00

The Office is Dead; Long Live the Office 1/04/2022

Some much-needed time off over the holidays has allowed me to reflect on the tumultuous events of the past year, and more specifically on the impact of the pandemic on real estate and the office. In a paradoxical way, the Omicron surge has been the last straw. Even some people who have […]

The Office is Dead; Long Live the Office 1/04/20222022-08-11T15:15:21-04:00

A Macro Perspective on the NYC Office Market 10/07/2021

ruth colp haber - wharton property advisorsHow has the pandemic affected the different sectors of the NYC office market? As you may note from the below grid, there is a widening gulf between the top-class A buildings and lesser performing class B buildings.

The class […]

A Macro Perspective on the NYC Office Market 10/07/20212022-08-11T15:27:43-04:00

An interesting memo to law firms – get back to the office! 7/19/2021

Our eagle-eyed readers may have taken note of recent press reports of the memo issued by Eric Grossman, chief legal officer of Morgan Stanley directing that its outside law firms representing the company return to the office to improve client service. According to dispatches, the memo suggested that firms continuing to work […]

An interesting memo to law firms – get back to the office! 7/19/20212022-08-11T15:28:43-04:00

Introvert, extrovert, ambitious or established – who wins and who loses working from home 4/29/2022

I have been saying for months that no one size fits all regarding the return to the office. You can book that based on my conversations not only with CEOs, but with many employees in a wide variety of positions in companies. We are at the beginning […]

Introvert, extrovert, ambitious or established – who wins and who loses working from home 4/29/20222022-08-11T15:29:07-04:00

Let’s invite Delta and Coca-Cola to move jobs to New York! 4/07/2021

As you may recall, approximately two years ago Amazon decided not to follow through on its plans to move to Long Island City due to community opposition. New York City could certainly use those tens of thousands of well-paying jobs with their attendant multiplier effect now.

Both Governor Andrew Cuomo and Mayor Bill DeBlasio were supportive […]

Let’s invite Delta and Coca-Cola to move jobs to New York! 4/07/20212022-08-11T15:29:21-04:00

Why the Knotel Bankruptcy is Good News for the Office Leasing Market 2/05/2021

Our well-informed clients and friends likely saw the recent news that Knotel, a flexible leasing operator which had over 4 million square feet under management, filed for Chapter 11 bankruptcy on Monday.  Knotel’s U.S. operations are focused on private workspaces for mid-size and enterprise companies in New York and San Francisco.

In […]

Why the Knotel Bankruptcy is Good News for the Office Leasing Market 2/05/20212022-08-11T15:30:15-04:00
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