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The New York office market is on the rebound, but things look a little different than they did prior to the pandemic. In Manhattan, new leasing activity continued soaring upward in Q1 2022 with nearly 7.2M SF of leasing recorded. Despite these high numbers, companies are not signing the same types of leases they were years ago, opting for smaller spaces as opposed to sprawling offices as they make decisions about how many workers will come into the office each day and how often they expect them to make the commute.
What does this mean for the future of NYC offices? How can landlords and companies maximize space with fewer people coming to the office? Where should investors be looking as interest rates continue to rise? How can building owners entice businesses to sign on for more space? These topics and more will be discussed at Bisnow’s State Of New York City’s Office Market event on May 24.
This in-person event will be held at 75 Varick St. in Manhattan. To learn more about Bisnow’s commitment to Covid-19 safety guidelines and to register, click here.
Panel titles include:
— Investment Strategies Amid Rising Interest Rates
— Assessing and Upgrading Class-B Office Buildings
— Enhancing the Workplace Experience and Leveraging Tech
Speakers include:
— Andrew Kimball, president and CEO, New York City Economic Development Corp.
— Callie Haines, executive vice president, Brookfield
— Gus Field, senior managing director, head of leasing, Tishman Speyer
— Linda Foggie, managing director and head of real estate, Citi
— Gerard Nocera, co-founder, managing partner, Resolution Real Estate Partners
— Crystal Fisher, managing director – commercial portfolio, Fisher Brothers
The NYC office market has experienced some tremendous swings in the last several years, leaving developers, lenders and investors experiencing whiplash. Come make sense of it all at Bisnow’s State Of New York City’s Office Market event on May 24.
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