NYC Investment Activity Drops to 10-Year Low

Investment sales totaled $1.1 billion in Manhattan in a total of 21 transactions, the lowest in a decade.

       

source https://feeds.feedblitz.com/~/636555040/0/globest/new-york~NYC-Investment-Activity-Drops-to-Year-Low/

Manhattan Office Shows Signs of Both Strength and Weakness

In the topsy-turvy world of the current pandemic, leasing activity surged in the third quarter but negative absorption reached record highs and asking rents fell.

       

source https://feeds.feedblitz.com/~/636514726/0/globest/new-york~Manhattan-Office-Shows-Signs-of-Both-Strength-and-Weakness/

NYC Could Lose Nearly 12,000 Restaurants to the Pandemic

That level of closures could lead to almost 159,000 job losses.

       

source https://feeds.feedblitz.com/~/636464222/0/globest/new-york~NYC-Could-Lose-Nearly-Restaurants-to-the-Pandemic/

Office Concessions Today Mirror Great Recession

Landlords are providing more concessions to tenants as the spread between starting rent and effective rent has increased 27%.

       

source https://feeds.feedblitz.com/~/636463880/0/globest/new-york~Office-Concessions-Today-Mirror-Great-Recession/

SL Green Tops Off 185 Broadway

When it is delivered the 34-story building will be the area’s first development to be built under the Affordable New York Housing Program.

       

source https://feeds.feedblitz.com/~/636410132/0/globest/new-york~SL-Green-Tops-Off-Broadway/

What Might Black Friday Look Like This Year?

The latest Accenture Holiday Shopping Survey finds that shoppers are minimizing in-store shopping and choosing home delivery.

       

source https://feeds.feedblitz.com/~/636402214/0/globest/new-york~What-Might-Black-Friday-Look-Like-This-Year/

Hudson Gateway Assoc. of Realtors Merger Expands Bronx Membership

The association has merged with the Bronx-Manhattan North Assoc. of Realtors, resulting in a new HGAR Bronx chapter of nearly 1,5000 members.

       

source https://feeds.feedblitz.com/~/636258934/0/globest/new-york~Hudson-Gateway-Assoc-of-Realtors-Merger-Expands-Bronx-Membership/

Q3 Manhattan Office Leasing Paints Dire Picture

Velocity, volume and asking rents all fell to—or by—record-lows, while the largest amount of supply became available in over a decade.

       

source https://feeds.feedblitz.com/~/636249626/0/globest/new-york~Q-Manhattan-Office-Leasing-Paints-Dire-Picture/