NYC’s office market is still in hot water, but as trophy towers see renewed demand, some visionary developers are building workspaces with new, best-in-class construction. Here’s a look at the three newest additions to Manhattan’s commercial playground, designed to tempt its top tenants. 125 W. 57 St. At 125 W. 57th St., Central Park is … Read more
It’s a tale of two cities. While ultra-luxury office towers in hot spots are seeing massive rents of up to $300 per square foot, side street buildings are lucky to rent for a tenth of those prices. On average, asking rents in Manhattan are roughly $77 a foot, according to CBRE, but many basic office … Read more
New York City is for sale — and it’s going for bargain basement prices. Now, the sales spree is fueling a buyer frenzy that even the city’s most iconic buildings won’t survive. More importantly, the historic Chrysler Building may soon be sold for peanuts with its operators facing eviction. In 2019, Aby Rosen’s RFR Holding … Read more