News

Even with job losses in April, “the city is now at 99.4 percent of pre-pandemic private sector employment,” a new study declared.

The amount of office space available for lease in Manhattan climbed to a record high during the first four months of 2023, according to the real estate firm Colliers.

A large chunk of vacant office space in Manhattan’s Rockefeller Center could be converted into luxury hotel suites if the city approves a new plan from the complex’s owners. Aspen Hospitality is planning on converting 10 floors above NBC’s Today show studio into a luxury hotel totaling 130 rooms ...

Hybrid work has been choose-your-own-adventure, but now C.E.O.s are making their choices more permanent. The freight elevator doors opened onto 50,000 square feet of office real estate. Right now, it is empty, but Seth Besmertnik, chief executive of the software company Conductor, gestured at the beams and concrete ...

Manhattan is already struggling to figure out what to do with its current glut of office space, but the borough also needs to prepare for about 13 million additional square feet of cubicles to arrive – the most in the country.

New York City Mayor Eric Adams today unveiled recommendations from a city-led task force to facilitate the conversion of underused office space into new housing for New Yorkers. Crafted by the Office Adaptive Reuse Task Force, and led by New York City Department of City Planning (DCP) Director Dan Garodnick, ...

BlocPower, a clean technology start-up, is greening buildings in New York City and beyond. About 40 percent of U.S. carbon dioxide emissions come from buildings. And when buildings use oil or natural gas as a heating fuel, they also produce smoke that can cause or worsen asthma and other health ...

In what we hope will become an annual tradition, Fifth Avenue will close to all vehicular traffic for the first time ever throughout three Sundays in December as part of a program dubbed “Fifth Avenue for All.” On December 4th, 11th and 18th between the hours of noon and 6pm, ...

Jumbo city tenants are looking far into the future and not the pandemic past by exploring options and committing to new spaces. Inking deals at $200 per foot has become the old $100 per foot, while $300 per foot has been achieved at both One Vanderbilt and L+L Holding’s 425 Park Ave. ...

In a bid to reshape Midtown Manhattan, Gov. Kathy Hochul and New York State officials are pushing ahead with one of the largest real estate development projects in American history: 10 towers of mostly offices around Penn Station, the busiest transit center in the country.