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 […]
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 […]
Fifty years ago, Richard Nixon famously recognized the universal acceptance of the economic theories of John Maynard Keynes when he pronounced that “we are all Keynesians now“. In honor of my late father, who was a physician and Darwin scholar, I would like to modify that correct statement slightly to reflect the […]
How 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 […]
