Office

Tenants are re-assessing per employee space allocations with an eye toward de-densifying and providing more space per employee, says the REIT's Steven Durels.

According to research from Cushman & Wakefield, the tech sector will contract in step with the rest of the market this year.

On Sunday, the governor outlined a phased plan to reopen New York that starts with the low-risk construction and manufacturing sectors.

It's a long list that ranges from virtual floor tours, the execution of documents, cleaning, deliveries and amenities.

The Midtown South submarket will continue to offer tremendous value even despite the coronavirus, says ABS' Ronald Zimmerman.

Law firms with big practices in the cruise and hospitality industries are being impacted by the shutdown of these clients, prompting them to seek wiggle room in their office rents.

While some Manhattan neighborhoods have fallen in pricing, other neighborhoods have reported significant sales increases, according to M.N.S.

The seller, the Teachers Retirement System of the State of Illinois, purchased the property in a foreclosure auction in 2011 for $57 million, about a 31% decline in its market value.