Commercial Real Estate
Recent CRE Observations
As we start preparing to put the pandemic in the rear view mirror, CRE has not been entirely dead in our experience. Definitely, office leasing is way down, and large deals are hard to come by currently. Furthermore, most tenants are staying put in places where they can negotiate better rent and terms with their…Read More
Previously we have discussed the impact of Covid-19 on both tenants and landlords in NYC; now let’s take a look at how these concepts apply in practice. This week Jonathan walks us through a lease renegotiation that we helped facilitate wherein both the tenant and the landlord benefitted.Read More
Covid Impact of Landlords (video)
Covid has impacted all aspects of the real estate market. From tenants to landlords, all have had to make sacrifices and accommodations to compensate for the virus. Today we are going to take a look at the latter and explore the challenges that commercial property owners have faced. Join us next week where we will…Read More
Covid Impact on Tenants (video)
We are excited to announce a brand new initiative to bring insider information to the public with the JBA Weekly Report! As a long-standing local commercial firm we pride ourselves on our commitment to tenant representation. Covid has greatly impacted the landscape for many business sectors. As a business owner you deserve to know the…Read More
The Coronavirus and Commercial Real Estate: Can Urban and Shopping Center Real Estate Be Re-Occupied Again?
This is a guest post by Larry Littlefield. https://larrylittlefield.wordpress.com/ Compared with other types of commercial real estate, brick and mortar retail had been in crisis for years even before the coronavirus hit. The average compensation of most U.S. workers has been falling for decades, offset by rising public and private debt, and after…Read More
The Coronavirus and Commercial Real Estate: Will New York’s Arts, Entertainment and Culture Industries Collapse, Leaving Their Venues and Hotels Abandoned?
This is a guest post by Larry Littlefield. https://larrylittlefield.wordpress.com/ Ever since the Port Authority of New York and New Jersey published its seminal report on the importance of arts, culture and entertainment in the New York City economy these activities, instead of being thought of as a social benefit affluent societies can afford, have…Read More
The Coronavirus and Commercial Real Estate: Is Office Space in Central Locations Obsolete?
This is a guest post by Larry Littlefield. https://larrylittlefield.wordpress.com/ Out of the blue, millions of Americans have been forced to work from home, and hundreds of thousands of employers have been forced to allow them to do so. Somehow most have managed to pull it off, with a limited decrease in short term productivity, one…Read More
The Coronavirus and Commercial Real Estate: Will Previously Booming Central Cities Be Abandoned?
This is a guest post by Larry Littlefield. https://larrylittlefield.wordpress.com/ The 2010s were the decade of the booming superstar cities – Manhattan and Brooklyn, San Francisco and Silicon Valley, Los Angeles, San Diego, Boston, Washington DC, Austin, Denver, Seattle, Portland, central Los Angeles, and even Miami. With spillovers to, and rapid gentrification of, places such as…Read More
Challenging Retail Market, Pending legislation is problematic
Facing A Retail Vacancy Crisis, Should the NYC City Council be prepared to help? (click on the link below to read the article) https://gothamist.com/2019/08/09/empty_storefronts_retail_blight.php?utm_medium=social&utm_source=email&utm_campaign= Facing A Retail Vacancy Crisis, Is NYC Ready To Take Action to support the survival of Small Businesses in NYC? Small Business Jobs Survival Act, This bill would give tenants the…Read More