If you are in the market for office space, the implosion of WeWork should factor into your search. The growth of flexible workspace and the coworker office space trend has been driving up rent prices. WeWork Financial Woes Are Creating Opportunities WeWork leases 8.9 million square-feet for flexible workspace in New York City, which is 2% of the market, according …

Old commercial warehouses in the New York metro area, once considered obsolete, are now part of a hot leasing market as logistics companies fight to win the “last mile” race. Class-B, -C, and –D industrial space in and near the city is being snapped up by companies needing to pre-position product as close to consumers as possible. The ability to …

Commercial Warehouse Lease Agreement Terms: What You Need to Know Commercial warehouse lease agreements are unlike other kinds of leases. These high-stakes contracts follow no standards. Each is unique. Because they are long term and involve lots of money, playing a central role in business operations and profitability, you need a solid understanding of the issues and terms to negotiate …

The major trends that drive the commercial warehouse market in the United States are amplified in the New York region. The size of our market, its position as a global business center, and the population density of the New York Metro Area give such trends greater impact here. That affects warehouse rental prices and the price of every warehouse for …

Understanding commercial warehouse pricing in New York requires that you go beyond simple supply and demand. Looking at how commercial warehouse space is used in the New York Metro area is the key to understanding the drivers of warehouse price and value. Commercial Use Price Drivers As a space for storing goods, the traditional purpose of the New York warehouse …

Affordability The cost associated with a new rental space is significant when determining the suitability of office space. Costs to consider include the rental of a potential office, customization charges and expenses to be incurred when moving office equipment to the new offices. A business owner must ensure that the costs are affordable and within the budget to avoid financial …

When Amazon announced that it would expand to a new location in 2018, many cities attempted to woo the giant with proposed tax breaks, portfolios of amenities, and local dishes. However, Amazon made the unlikely choice to pursue “HQ2” in two locations: The suburbs of Washington, D.C., and Long Island City, New York. Long Island City has seldom been a …