The New York office market is on the rebound, however issues look a bit completely different than they did previous to the pandemic. In Manhattan, new leasing activity continued hovering upward in Q1 2022 with practically 7.2M SF of leasing recorded. Regardless of these excessive numbers, firms usually are not signing the identical forms of leases they have been years in the past, opting for smaller spaces versus sprawling workplaces as they make choices about what number of staff will come into the workplace every day and the way usually they anticipate them to make the commute.
What does this imply for the way forward for NYC workplaces? How can landlords and corporations maximize area with fewer individuals coming to the workplace? The place ought to buyers be wanting as rates of interest proceed to rise? How can constructing homeowners entice companies to signal on for extra space? These subjects and extra might be mentioned at Bisnow’s State Of New York City’s Office Market occasion on Could 24.
This in-person occasion might be held at 75 Varick St. in Manhattan. To study extra about Bisnow’s dedication to Covid-19 security tips and to register, click here.
Panel titles embrace:
— Funding Methods Amid Rising Curiosity Charges
— Assessing and Upgrading Class-B Workplace Buildings
— Enhancing the Office Expertise and Leveraging Tech
Audio system embrace:
— Andrew Kimball, president and CEO, New York Metropolis Financial Improvement Corp.
— Callie Haines, government vice chairman, Brookfield
— Gus Field, senior managing director, head of leasing, Tishman Speyer
— Linda Foggie, managing director and head of actual property, Citi
— Gerard Nocera, co-founder, managing accomplice, Decision Actual Property Companions
— Crystal Fisher, managing director – business portfolio, Fisher Brothers
The NYC workplace market has skilled some great swings within the final a number of years, leaving builders, lenders and buyers experiencing whiplash. Come make sense of all of it at Bisnow’s State Of New York City’s Office Market event on Could 24.