When to Consider a Lease Buyout

Everything was moving along according to plan. Your firm locked in an office lease for space that aligned perfectly with both its immediate and long-term needs. It was the team's second home - a... [Read more...]

Case Study: Florio & Leahy LLP

Midtown-based law firm Florio & Leahy LLP was facing a familiar situation: their office lease of 10 years was set to expire in 2020 and due to consistent growth, the firm’s space requirements had... [Read more...]

Is a Sublease the Right Option?

Last week, the NY Post published an article highlighting a sublease opportunity on Park Avenue for only $25 per square foot, one of the hundreds of spaces that have been listed for sublease  with... [Read more...]

Adressing Your Expiring Office Lease in 2020

Over the last several months, we've been contacted by businesses across Midtown facing all-too similar dilemma's that have become common in 2020: approaching a lease expiration and unwilling/unable... [Read more...]

Is Your Landlord Meeting the Market?

As you may suspect, the Manhattan office market is very challenged right now as office demand remains flat in the face of increasing supply - a welcome sight to firms approaching a lease expiration. ... [Read more...]

Review: SL Green Q3 Earnings Call

Late last week, SL Green held its Q3 Earnings Call last week and shed some light on the organization's posture in the current environment and its expectations for Q4 and beyond. For those interested,... [Read more...]

NYC Reopens: Commuter Trends from Phase 1

The second week of NYC's phased-reopening plan began on Monday, a continuation of the transition that has the city on track to enter Phase 2 as early as next week. For office users closely monitoring... [Read more...]

Update to Personal Liability Clause in Commercial Leases

Commercial tenants in NYC have been on the short-end of the stick for much of the COVID-19 lockdown and haven't had much to celebrate. A bit of welcome news arrived late last week though, as a bill... [Read more...]

Covid-19 : NYC Commercial Real Estate Perspectives (4/23/2020)

Sam Zell, the legendary real estate investor, is best known for closely observing current supply and demand imbalances to develop an analysis as to where the market is moving. In that vein, below... [Read more...]