Mistakes Tenants Make

Mistakes when leasing NYC office space can be costly, especially if you are renting in high-demand commercial real estate areas like Manhattan. The New York City commercial real estate market is different from that of smaller cities. The terms and conditions of lease agreements can vary greatly from what small-market lessees are accustomed. Gaining a better understanding of how commercial real estate works in New York City can help business owners to avoid the most common mistakes made in leasing office space in this vibrant metropolis. Learn the Language of NYC Office Space One of the most common mistakes tenants make when considering NYC office space options is not understanding how certain terms and phrases are used within the context of… Continue reading

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Posted in Understanding Commercial Lease Language.
Private: Hudson Yards – Next NYC Art Gallery District?

First there was SoHo. Then followed Chelsea, and the Lower East Side. Aspiring artists have always had a home throughout Manhattan, and now it seems the emerging Hudson Square neighborhood is being positioned as an art gallery district. Development projects in Hudson Square may eventually earn the neighborhood the nickname “Chelsea North.” This neighborhood covers the area west of Eighth Avenue from 28th Street to 43rd Street. For years it has boasted parking lots, low-rise buildings and parking garages, but recent developments such as Hudson Yards aim to deliver an influx of enormous commercial office buildings and residential structures scheduled for completion by 2020. Additionally, the No. 7 subway line will be extended to 34th Street and Eleventh Avenue in 2014, and… Continue reading

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Posted in Manhattan Office Space.