Latest News for: manhattan vacancy

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Number of vacant NYC storefronts has nearly doubled since the pandemic: ‘Creating havoc’

New York Post 18 Apr 2024
“These vacancy issues, I thought they would end when the pandemic ended but it has not ... Brewer said picky landlords are exacerbating the problems, especially in Manhattan, where storefront vacancies are the highest.
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Sign of the times: Why vacant storefronts continue to plague NYC

AM New York 17 Apr 2024
“We know that vacancy rates that are high and lengthy indicate that something is off balance,” Feliz said ... Neighborhoods hit the hardest are in Lower and Midtown Manhattan, and downtown Brooklyn business areas, where the vacancy rates are highest.
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Cogent Realty Advisors Announces NYC Office Leasing Rates Dip to $51.61 PSF in Their Q1 ...

The Arabian Post 10 Apr 2024
The first quarter of 2024 has seen the continuation of challenges that have beset the Manhattan office market since the onset of the pandemic, with high vacancy rates and a subdued demand for office spaces persisting.
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Jewelry, J.Lo perfume among prizes at JCPenney grand opening at Willowbrook Mall

Daily Record Parsippany 04 Apr 2024
Black Friday at Willowbrook Mall in Wayne. Black Friday at Willowbrook Mall in Wayne ... Vornado Realty Trust, a Manhattan-based company that owns the center, did not respond to an inquiry about the vacancy created by the relocation of JCPenney ... Email.
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Unpaid NYC property taxes to hit record $880M this year: ‘There are no consequences’

New York Post 29 Mar 2024
It’s people realizing that “there are no consequences for not paying your property taxes,” he added, per Bloomberg ... 3 ... The overall vacancy rate for Manhattan office space stood at 22.5% in November 2023, the highest on record, according to the city’s.
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What Real Estate Does Trump Own in NYC Anyway?

New York Magazine 25 Mar 2024
Since he was elected president, units in his buildings have sold for less than those in their luxury competitors and struggled with vacancies. Condo boards across Manhattan have voted to remove his ...
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NYC landlords luring workers back to offices with pickleball, golf simulators, arcade games and gourmet food

New York Post 20 Mar 2024
NYC developer plans to build 28-story office tower in trendy Manhattan neighborhood ... With Manhattan vacancies at a record 21%, building owners know that old-school executive suites aren’t nearly enough.
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NYCB’s stressed multifamily loans cloud its outlook, Moody’s says in downgrade

Market Watch 04 Mar 2024
Moody’s said the company’s Feb ... It has about $18.3 billion in multifamily loans to rent-regulated apartments on its balance sheet ... About 54% of the bank’s office loans are in Manhattan, which currently has a vacancy rate of about 15%, Moody’s said ... .
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NYCB’s stock continues its slide even despite one analyst’s vote of confidence

Market Watch 04 Mar 2024
New York Community Bancorp’s stock fell 11.4% to $3.15 on Monday ... Moody’s said the company’s Feb ... MarketWatch/Terrence Horan. The U.S ... About 54% of the bank’s office loans are in Manhattan, which currently has a vacancy rate of about 15%, Moody’s said ... .
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NYC developer fears ‘office apocalypse,’ may put up tennis courts on leveled Hotel Pennsylvania site

New York Post 16 Feb 2024
Although the Manhattan office market hit bottom in 2023 with a more than 20% vacancy rate, the short-term future looks rosier, according to a recent report from national real estate technology platform VTS.
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KRE and IAT ETFs: Regional banks brace for a $1 trillion meltdown

Invezz 14 Feb 2024
Further, many companies who have expiring leases will likely have a better negotiation advantage because of the rising vacancy rates now that prices are falling.
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Death of the construction crane: Skyscraper-building equipment touted as sign of thriving economy...

The Daily Mail 13 Feb 2024
JPMorgan's new headquarters building, set to open in 2025, will be Manhattan's largest office tower debut in several years. Last month, the office vacancy rate in the US reached a 40-year high of 19.6 percent ... Covid-19ChicagoNew York. .
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Remote realities: Office vacancies rise as work from home fully takes root

The Star Democrat 04 Feb 2024
Office vacancies are at record highs in the U.S ... Among other large markets, vacancy rates end the year at 26.4% in Chicago, 19.2% in Manhattan, 23% in Los Angeles, 29.6% in Houston, 21.9% in Minneapolis-St.
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Manhattan office market rebounds faster than rival cities as NYC demand surges 40%

New York Post 01 Feb 2024
Although the Manhattan office market hit bottom in 2023 with more than 20% vacancy rate, the short-term future looks rosier, according to a new report from national real estate technology platform VTS.
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Hawley, McConnell in GOP standoff over nominees

The Hill 23 Jan 2024
Ted Cruz (Texas), the senior Republican on the Commerce Committee, who want to fill the GOP vacancies on the two agencies ... Louis exposed to improperly stored nuclear waste left over from the Manhattan Project.
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