Ruth in the New York Times (8-29-2022)

Many of our readers likely saw today’s excellent lead article in the New York Times discussing the new Penn Station development project which is being spearheaded by Governor Hochul. I was pleased to be quoted in the article (see the click through below).

The project provides for a group of developers led by Vornado Realty Trust to […]

Ruth in the New York Times (8-29-2022)2022-09-07T11:56:48-04:00

Remote Work – a Slacker’s Paradise?

Some of our well-informed readers may recall about a year ago there was some attention paid to the concept of “lying flat“ in China, where burned out millennials were becoming discouraged from vigorously pursuing an ambitious career. Now we see another incarnation of the doctrine in the form of “quiet quitting” which has been widely […]

Remote Work – a Slacker’s Paradise?2022-08-23T18:33:23-04:00

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

The New Economics for NYC Landlords 6/22/2022

My firm represents tenants, but we also recognize the essential role that landlords play in the smooth functioning of the commercial office ecosystem. Healthy landlords are essential so that tenants can receive high quality services in their buildings.

There is no crisis at One Vanderbilt or Hudson Yards. However, for all but the top-class buildings, the […]

The New Economics for NYC Landlords 6/22/20222022-08-11T15:13:05-04:00

The Unspoken Reason We Need Offices 6/14/2022

Much has been made of how working with colleagues in the office is important for creativity, team-building, brainstorming and development of ideas. Of course, that benefit is offset by the time spent commuting and on idle chatter, let alone the occasional unpleasant encounter.

However, a recent article in the New York Times […]

The Unspoken Reason We Need Offices 6/14/20222022-08-11T15:13:18-04:00

We Can Help Sublease Excess Office Space 6/09/2022

Since the beginning of the pandemic, many companies including professional firms have been sitting with significant amounts of unused office space. If you have been receiving our emails you are likely aware that Wharton Property Advisors has extensive experience in all facets of the niche market for office subleasing transactions and in […]

We Can Help Sublease Excess Office Space 6/09/20222022-08-11T15:13:34-04:00

A Bold Idea to Save NYC’s Subways 5/26/2022

In our last newsletter, we suggested that office employees follow Mayor Adams’ advice and take the subway to work. In light of the recent tragedy in which a Goldman Sachs employee was killed on the Q train, I’d like to supplement my thoughts.

Obviously, in this city of 8 million people there […]

A Bold Idea to Save NYC’s Subways 5/26/20222022-08-11T15:13:52-04:00

The Major Macroeconomic Reset Coming in the Office Market 5/04/2022

When I was a mortgage trader, I recall a wag on the trading desk who would often shake his head forlornly and mutter in abject despair that “we just don’t have good numbers“ to assess the state of the economy. Now let’s fast forward a few years (or decades) to the […]

The Major Macroeconomic Reset Coming in the Office Market 5/04/20222022-08-11T15:14:15-04:00

Wharton Property Advisors Considered for 2021 Most Ingenious Deal of the Year 4/06/2022

I am pleased to pass on that the Real Estate Board of New York (REBNY) is considering Wharton Property Advisors in its annual competition for the Most Ingenious Deal of the Year for 2021. Please see the click-through sent by REBNY at the bottom of this e-mail for additional details.

We have three deals that have been submitted […]

Wharton Property Advisors Considered for 2021 Most Ingenious Deal of the Year 4/06/20222022-08-11T15:14:35-04:00

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
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