The Practical Reality: Do NYC Office Tenants Really Need an SNDA?
The Practical Reality: Do NYC Office Tenants Really Need an SNDA? Office tenants in New York City are frequently advised by their attorneys, brokers, and colleagues to push for a Subordination, Non-Disturbance, and Attornment Agreement (SNDA) when leasing space. But what exactly is an SNDA, and how practical is it to obtain one in a […]
Top NYC Office Buildings for Nonprofit Organizations
Top NYC Office Buildings for Nonprofit Organizations For a nonprofit organization, finding the right office space is a balancing act. It needs to be a comfortable environment for your employees while also conveying to donors and board members that your organization is prudent with its resources, not spending lavishly on a fancy office. It’s about […]
Brooklyn’s Office Market Is Buzzing! Here’s What Q1 2025 Looked Like
Brooklyn’s Office Market Is Buzzing! Here’s What Q1 2025 Looked Like Hey Brooklyn businesses! If you’ve been wondering about the office market, get ready for some good news. Q1 2025 just wrapped up, and it was a powerhouse for Brooklyn office leasing – actually, the strongest we’ve seen since Q1 2020! We’re talking 509,000 square […]
Can You Use LoopNet to Find a New Office Space?
Can You Use LoopNet to Find a New Office Space? Before you embark on an office space search using LoopNet, it’s important to understand what the platform is and isn’t. LoopNet is a widely accessible service, free for anyone to use. However, landlords must pay to list their properties. This crucial detail means that many […]
What’s Happening with the Tech Sector and the NYC Leasing Market in 2025?
What’s Happening with the Tech Sector and the NYC Leasing Market in 2025? Manhattan’s office leasing market saw a significant rebound in 2024, initially driven by the financial and legal sectors. However, the tech sector has steadily emerged as a major force, demonstrating its strongest annual leasing activity since 2019, totaling 3.16 million sq. […]
Finding the Right Commercial Real Estate Broker in NYC
Finding the Right Commercial Real Estate Broker in NYC Finding the right real estate broker to assist with your specific needs can be a daunting task. However, your lease can be one of your largest business expenses so finding the right broker who is going to educate you and run an expert process […]
Why working with a broker who represents both tenants and landlords is an advantage?
Why working with a broker who represents both tenants and landlords is an advantage? In the world of commercial real estate, tenant representation and landlord representation are distinct roles, often filled by separate brokers. But when you’re a company seeking space, does it truly benefit you to choose a broker who only works with tenants? […]
Understanding the Economics of a NYC Lease
Understanding the Economics of a NYC Lease For most companies, the cost of their office space ranks second only to salaries. Consequently, a thorough grasp of a lease’s financial terms is paramount to a company’s profitability. Let’s break down the standard economic components of a New York City lease: Class A Buildings: A More Streamlined […]
Do the Largest Nonprofits in NYC – Lease, Own, or have a 30-Yr Leasehold Condo
Do the Largest Nonprofits in NYC – Lease, Own, or have a 30-Yr Leasehold Condo Relocating an office or expanding a program presents significant decisions for any nonprofit. Identifying the ideal neighborhood and determining the most advantageous occupancy structure – whether leasing, purchasing, or a long-term leasehold – are critical factors. Having a high-quality market […]
What’s Happening in Downtown Office Leasing Market – Q1 2025
What’s Happening in Downtown Office Leasing Market – Q1 2025 Downtown office leasing demand rebounded sharply in Q1 2025 with 1.42 million sq. ft of activity—nearly a four-fold increase from the prior quarter and more than double the five-year quarterly average of 674,000 sq. ft. While much of this activity emanated from Jane Street’s nearly […]