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Heigh-ho, heigh-ho Heigh-ho, heigh-ho It’s back to work we go

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New York has begun to show its mojo is back. This Bloomberg article points out that New Yorkers are awakening from the depressing lockdown and springing back to life in ways that will bring its full energies to the fore. Tourism, office workers returning, excitement and optimism “Roaring back to life”. Let’s all rejoice and dance to the resurgent and unsinkable BIG APPLE.

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Subleases throw a curve ball at landlords trying to emerge from the Pandemic. There will always be some sublease activity in the marketplace but the magnitude and big blocks of space available now, that will be cheaper and competing with landlords facing rising vacancies is obvious. Until this sublease space surge is absorbed the overall market rents will be negatively impacted and the recovery for office buildings delayed.

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Red Skelton profoundly explaining the Pledge of Allegiance. (Non-political)

Red Skelton profoundly explaining the Pledge of Allegiance. It is worth watching. (Non-political)

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U S Constitutional legal challenge to New York’s recently enacted Rent Regulation Law was just filed in U S District Court Monday.

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New York’s City Council just passed legislation to require landlords to report retail rents, occupancy, lease terminations and current uses for all retail spaces.

New York’s City Council just passed legislation to require landlords to report retail rents, occupancy, lease terminations and current uses for all retail spaces.

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Property Tax Reform for New York City, is like the Weather…everyone talks about it but nobody does anything about it.

Property Tax Reform for New York City, is like the Weather...everyone talks about it but nobody does anything about it. Screenshot for LinkedIn Post

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