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Rental Bidding Wars in NYC

Posted by Melvin Monachan | Mar 24, 2022 | 0 Comments

The Current NYC Rental Market The current New York City residential rental market is experiencing significant competition and increased prices among rentals across the city. While a short dip occurred as Omicron worked its way through the city's population, New York City residential rentals have...

Omicron Impact on NY Commercial Real Estate in Q1 2022

Posted by Melvin Monachan | Feb 19, 2022 | 0 Comments

Previous Pandemic Effects on NY Commercial Real Estate In Q1 2021, New York City experienced significant losses in commercial real estate due to the COVID-19 pandemic. As business tenants scrambled to stay in business, New Yorkers as a whole felt the pinch as many workplaces were forced to clos...

Commercial Real Estate Trends for Q4 and 2022

Posted by Melvin Monachan | Feb 08, 2022 | 0 Comments

Every new year brings different commercial real estate trends, but with the pandemic still ongoing, it can seem like these trends are changing day to day. In fact, in the Fall of 2021, a ULI Americas survey predicted that commercial real estate values would increase 10% in 2021 and 7% more in 202...

Rents Are Going Absolutely Sky High

Posted by Melvin Monachan | Feb 07, 2022 | 0 Comments

2020 and 2021 put significant stress on the renting population. Unfortunately, it seems that 2022 will be no kinder. Rent all across the nation, but particularly in urban areas, is skyrocketing. The sharp uptick in prices has left many renters wondering about the benefits of homeownership and whe...

Investors Want Greener Buildings

Posted by Melvin Monachan | Jan 17, 2022 | 0 Comments

While sustainable real estate is nothing new, many real estate investors are choosing greener buildings when looking at investment properties in the hopes of lessening their carbon footprint and attracting more climate-conscious residents. Low carbon emissions, reduced water usage, and fewer cars...

Return of the Pied-a-Terre

Posted by Melvin Monachan | Dec 26, 2021 | 0 Comments

Coronavirus has changed the way many people live, particularly in large cities like New York. City dwellers who had tolerated small, tight spaces suddenly found those same spaces intolerable as the places, activities, and workplaces that made city life necessary and fun went dormant. Working fro...

The Decline of Cities Like NYC Has Been Exaggerated

Posted by Melvin Monachan | Nov 27, 2021 | 0 Comments

The Predicted Demise of Big City Living The COVID-19 pandemic caused many people to move out of big cities such as New York City and led to one comedy club owner claiming that “New York City is Dead Forever.” Employees started to work more from home, companies moved out of their office spaces, a...

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