Hurrah – the long-awaited vaccine is finally here! Thanks to this wonderful news, businesspeople can finally look ahead to the future with some confidence that a return to normalcy is possible within a year’s time, and hopefully sooner. John Maynard Keynes said that businesses will not expand unless they believe that tomorrow […]
I am pleased to pass on the exciting news that Wharton Property Advisors has been selected to join an exclusive international network of real estate agents representing tenants in approximately 70 cities worldwide. This new alliance which we helped create expands our capacity to assist clients in all the major cities and metropolitan areas in […]
The business world and the office will likely never be quite the same as pre-Covid. We know that. But let’s fast forward 6 to 12 months. Better days may lie ahead for several reasons.
1) When the Coronavirus is over and life returns to safety, there will be a desire to come together […]
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 […]
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 […]
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 […]
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 […]
The attorney-landlord relationship may never be the same.
Attorneys everywhere are dusting off their leases and sharpening their cost-cutting pencils, thanks to an elevated capacity for remote operations and an economic downturn that’s trimming revenues in many sectors. A smaller plant is needed, goes the reasoning — especially if its […]
Law360 (July 9, 2020, 6:15 PM EDT) —
There have been many articles regarding the future of the office. Pundits are speculating about its new form and whether the office will even survive the coronavirus pandemic. We suspect the office will survive in an improved […]
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 […]