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 |2019-10-15T12:40:24-05:00October 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 |2019-09-24T15:57:27-05:00September 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 |2019-09-17T13:03:36-05:00September 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 |2019-09-05T11:40:54-05:00September 5th, 2019|NYC Office Space|Comments Off on An exciting new approach to work as we return from summer holiday

Top Ten Issues in Real Estate Today

By Ruth Colp-Haber, Wharton Property Advisors, Inc.

I love Top 10 lists (who doesn’t?). The Counselors of Real Estate – an exclusive group of real estate advisors of which I am a member – did a recent survey of the top 10 concerns facing the industry. The results were fascinating, and are summarized in the attached […]

By |2019-08-22T15:41:27-05:00August 22nd, 2019|Soho Office Space, Sublet Extra NYC Office Space, Wharton Property Advisors|Comments Off on Top Ten Issues in Real Estate Today

Is There a New Alternative to the Security Deposit?

By Ruth Colp-Haber, Wharton Property Advisors, Inc.   –  July, 2019

As NYC tenants know all too well, the security deposits demanded by landlords can be onerous.  In recent years, security deposits have ranged from two months to over one year’s rent. However, a fascinating new credit instrument has recently been introduced as an alternative to […]

By |2019-07-23T17:03:57-05:00July 23rd, 2019|Midtown NYC Office Space, Sublease Extra NYC Office Space, Sublet Extra NYC Office Space, Tribeca Office Space, Wharton Property Advisors|Comments Off on Is There a New Alternative to the Security Deposit?

Wide Open Spaces

Open office plans give the workplace a hip, collaborative vibe. That’s why they’re popular. But the distractions that come with them have some people longing for the days of cubicles. Plus: what a weak dollar does to the economy and we meet one couple navigating an uncomfortable money situation.

By |2019-07-18T13:40:43-05:00July 18th, 2019|Madison Ave Office Space, wework space nyc, Wharton Property Advisors|Comments Off on Wide Open Spaces

Architect Nabs 10K SF at 55 Broad Street

Curtis + Ginsberg Architects will move its offices to 10,307 square feet in the Rudin family’s 55 Broad Street, Commercial Observer has learned.

The architecture firm signed a 10-year lease to take part of the eighth floor of the 30-story building between Beaver Street and Exchange Place, according to a spokeswoman for the landlord. Asking rent was […]

By |2019-07-18T13:56:42-05:00July 11th, 2019|Madison Ave Office Space, Manhattan Office Space, Wharton Property Advisors|Comments Off on Architect Nabs 10K SF at 55 Broad Street

The Brave New (We)World of Office Leasing

WeWork and the other co-working spaces present a tantalizing trade-off for the savvy office tenant who is looking for a bargain or may have a limited budget for rent or a security deposit.

There are significant advantages to WeWork. First, they allow tremendous flexibility by virtue of the month to month leases without any security deposit. […]

By |2019-06-13T14:59:05-05:00June 13th, 2019|Tribeca Office Space, wework space nyc, Wharton Property Advisors|Comments Off on The Brave New (We)World of Office Leasing

WeWork Nabs 55K at 30 Wall Street

WeWork signed a 15-year lease for five full floors in Atlantic 30 Wall’s 30 Wall Street between Nassau and William Streets, according to Wharton Property Advisors’ Ruth Colp-Haber, who repped both sides in the deal. Asking rent was $52 per square foot.

This will be the 40th location for WeWork’s single-tenant division, Headquarters by WeWork, which subleases offices to midsized businesses, […]