A Macro Perspective on the NYC Office Market

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 Market2021-10-07T08:41:29-04:00

An interesting memo to law firms – get back to the office!

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!2021-10-07T08:41:49-04:00

Introvert, extrovert, ambitious or established – who wins and who loses working from home

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 home2021-04-29T14:48:38-04:00

Let’s invite Delta and Coca-Cola to move jobs to New York!

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!2021-04-07T07:31:49-04:00

Why the Knotel Bankruptcy is Good News for the Office Leasing Market

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 Market2021-02-05T11:04:54-05:00

New ideas for a stimulus that will revitalize NYC

The possibility of a new stimulus bill has been at the forefront for the last few months. Two new ideas should be considered which will revitalize New York and use the stimulus funds most effectively: (1) direct grants and tax credits for office rents and (2) formation of a new City Creation Corps (CCC) to fund […]

New ideas for a stimulus that will revitalize NYC2020-11-08T14:42:29-05:00

A Case Study on How We Successfully Sublet NYC Office Space in the Middle of the Pandemic

Many of our friends and clients now have excess office space in New York City which they are looking to sublet. We at Wharton Properties Advisors can help you based upon an innovative and successful strategy which we recently undertook to sublease 20,000 square feet of Class A space for a prestigious […]

A Case Study on How We Successfully Sublet NYC Office Space in the Middle of the Pandemic2020-10-20T15:51:38-04:00

Have NYC landlords grasped the new reality?

NYC landlords have taken several constructive steps toward redesigning the workplace to provide for health measures and social distancing which is desperately needed to deal with the coronavirus crisis. However, it is an open question as to whether they truly grasp the new reality of today’s economy in which they need to […]

Have NYC landlords grasped the new reality?2020-10-14T06:22:44-04:00

My Iconoclastic View of Work and Why We Need Offices

Our informed friends and clients are likely aware of the recent JP Morgan Chase findings that productivity has slipped in the office, particularly on Mondays and Fridays. In the same vein, architect and design firm Vocon surveyed the heads of nearly 50 businesses around the country and found that (i) 40 percent […]

My Iconoclastic View of Work and Why We Need Offices2020-09-24T07:01:00-04:00

Flood of Sublets to Hit the NYC Office Market

We hope everyone had an enjoyable Fourth of July weekend. Now that we are several weeks into the opening of offices in NYC and Phase III has started, we thought you would find the recent Real Estate Weekly article discussing the effects of COVID – 19 on the NYC real estate market […]

Flood of Sublets to Hit the NYC Office Market2020-07-09T09:08:38-04:00
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