Why Your Commercial Real Estate Broker’s Relationships Matter
Why Your Commercial Real Estate Broker’s Relationships Matter Working with an experienced broker is something I have written extensively about and have greatly advocated for in many of my blog posts. In this blog, I am going to pull back the curtain to explain the leasing agent mentality and why your broker’s relationships matter. Every […]
A Comprehensive Guide to Office Leasing Costs in NYC
A Comprehensive Guide to Office Leasing Costs in NYC Every real estate market has its own nuances, and New York City is no exception. In NYC, the typical deal structure is a Modified Gross Lease. This is a hybrid model where the landlord covers initial expenses (typically base-year taxes and operating costs), while the tenant […]
Does a Sublease Make Sense for Your NYC Office Space?
Does a Sublease Make Sense for Your NYC Office Space? It’s a question I’m asked often. In the right circumstances, a sublease can offer significant advantages. However, it’s important to understand exactly what you’re getting into. I like to compare a sublease to the “final sale” rack at your favorite clothing store: everything is marked […]
AI Response to “Help me find a Top Commercial Real Estate Broker in NYC. “
AI vs. Experience: Who Should You Trust to Find Your NYC Office? I have worked as a commercial real estate broker in NYC for 30 years, with the last 21 years at a big 3 firm. I was curious how AI would answer a high-stakes question: “Help me find a top office leasing broker in […]
How to Find a Top Office Leasing Broker in NYC
How to Find a Top Office Leasing Broker in NYC I recently asked AI this very question and was disappointed by the inadequacy of the response. Between the inaccuracies and the odd tangents, it was clear that AI doesn’t yet grasp the nuances of the New York market. As a 30-year industry veteran working at […]
The Rise of AI: NYC Office Leasing (2020–2026)
The Rise of AI: NYC Office Leasing (2020–2026) AI companies have become a dominant force in the New York City office market. While their impact was minor in 2020 and 2021, each succeeding year has seen AI companies lease more space and capture a larger percentage of the overall tech industry’s leasing velocity. The data […]
Notable NYC AI Office Transactions 2025-2026
Notable NYC AI Office Transactions 2025-2026 The following list details The AI company and AI related company office leasingtransactions in NYC that have helped shape the market over the past year. Company Location Square Footage Figma 27 W 23rd Street 102,000 Harvey AI 1 Madison Avenue 92,663 Snowflake Computing 7 Times Square Tower 82,505 Elise […]
The AI Company Effect on the New York City Office Market
The AI Company Effect on the New York City Office Market Despite persistent narratives that artificial intelligence would decimate the workforce and hollow out urban centers, the data in New York City suggests the exact opposite. AI-related companies are not just backfilling space; they are becoming a primary engine for the resurgence of the Manhattan […]
Office-to-Residential Conversions Lower Manhattan Update 2026. Never Count New York City Out!
The Evolution of Lower Manhattan: Office-to-Residential Conversions. The excess supply of office space was one of the dominant economic and fiscal themes emerging during the post-pandemic recovery. Throughout 2021–2024, there were consistent concerns that New York City would become a “ghost town” and that shrinking tax revenues would cripple the city’s budget. Fortunately—and perhaps unsurprisingly—these […]
Where do NYC Office Rents Stand in 2026 Compared to Pre-Covid
Where do NYC Rents Stand in 2026 when compared to Pre-Covid 2018/2019 Leading up to the pandemic, the Manhattan office market had two very strong years of leasing in 2018 & 2019. This led to the overall average rent in Manhattan reaching its highest level ever at $80.43. Here is where the market now stands […]