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Is There Another Florida Migration Coming?

Is There Another Florida Migration Coming?

President Donald Trump was quick to call Zohran Mamdani “the best thing that could happen to the Republican Party.” In reality… he might be the best thing that ever happened to Florida’s economy. Because while political analysts debate ideology, the commercial real estate world is asking a far more practical question: Are we on the […]
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War on Capital? Why NYC’s Next Mayor Could Redraw Corporate Geography 

“You can’t declare war on capital and expect the city to survive…. Now, we’re running a dangerous experiment.” — William Stern, founder & CEO, Cardiff  There are election upsets. And then there are “we’re about to test the elasticity of capital flight in. . . Articles are available exclusively for iOptimize Realty® subscribers. Want to continue reading? Sign up below using […]
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The Office Rebound No One Expected: Manhattan Leads Major Cities in Office Leasing

The office market has seen its fair share of doom and gloom-no? So how we highlight a major comeback… Manhattan just posted its strongest first half since 2014—21.1 million square feet leased. So, what’s going right for NYC? Well, it’s a convergence of factors. The flight-to-quality anchored leasing activity in recent years—but priorities are evolving. […]
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Will Congestion Pricing Be the Final Nail in Manhattan’s CRE Coffin?

New York’s long-awaited congestion pricing plan has been implemented. Stakeholders in the commercial real estate (CRE) market are now watching with a mix of anticipation about what the fall effects it will have on the Big Apple. With its goal of reducing traffic and funding public transit, congestion pricing has the potential to completely reshape […]
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Where Will Multi-Story Warehouses Go?

In this article, you'll discover: The rise of multi-story warehouses in urban areas due to land scarcity. Factors affecting multi-story warehouse investments, like high construction costs. Differences in viability between urban and suburban warehouses. Future trends for businesses adapting to evolving warehouse needs. As the indutrial sector continues to run hot, developments are on the […]
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Office Valuations are Plummeting: Are Our Cities in a Doom Loop?

In this article, you'll learn: The impact of falling office valuations on cities and local tax revenues. How underutilized office spaces are affecting urban economic growth. Cities most at risk due to reliance on commercial property taxes. Potential solutions for empty offices, including conversions and tax hikes. Office attendance is lingering around 30 percent lower […]
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Is Crime the Top Indicator of Where (Not) to Locate an Office?

In this article, you'll learn: How crime influences office location choices and return-to-office rates. The impact of high crime on office occupancy and property values. The trend of companies moving to safer, suburban communities. How tenants can negotiate better lease terms in a crime-affected market. In a post-pandemic leasing environment, priorities have shifted. Offices are […]
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Converting Empty Offices: 4 Cities with the Most Office Conversions

In this article, you'll learn about: The top cities leading in office-to-residential conversions. New York City's large-scale adaptive reuse projects and zoning changes. Los Angeles' expansion of adaptive reuse citywide to address housing shortages. Chicago's targeted plan for converting office spaces into affordable housing. Vacant office space is taking up hundreds of millions of square […]
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Office Concession Rates on the Rise: Leveraging Increasing Concession Ratios

In this article, you'll discover: How record office vacancies are driving up concession packages from landlords The rising concession trends in Class A buildings and how they benefit tenants How soft costs are now being included in Tenant Improvement Allowances Why this trend in New York City is setting a precedent for office markets nationwide […]
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New York Local 97 Law Eases Pressure on Landlords Showing Good Faith

In this article, you’ll learn: Local 97 Law enforces emission cuts but allows a "Good Faith" approach for landlords. High retrofit costs may lead landlords to opt for fines instead. New regulations will ease compliance pressure for landlords showing effort. Why tenants should ensure landlords are compliant and protect their lease terms. Commercial tenants, landlords, […]
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Does Manhattan Have Too Much Empty Office Space? NYC Vacancy Record

In this article, you'll learn: Manhattan's record-high 22% office vacancy rate and its impact on the market. The trend of downsizing and upgrading to high-quality office spaces. How tech company cutbacks are contributing to the office space glut. The role of tenant representation in navigating the evolving office market. The corporate world is facing a […]
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Heather Smith

Herrington Editor Post Blog

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