October Commercial Real Estate Roundup
Sep 29, 2020
The COVID pandemic is still sending shock waves through the commercial real estate sector in New York as each new month seems to usher in adaptations and hastened responses to the city’s worsening vacancy rates. It can be hard to keep up with the latest news, so we’ve gathered together a few of what we consider to be need-to-read news items.
It’s important to note that while this is a difficult time for many commercial renters, if your business is fortunate enough to be COVID-proof or only indirectly impacted, this can be a time when bargains on formerly in-demand spaces abound. Reach out if you’re looking for a new space or are considering upgrading. As we mentioned last month, this is especially important for you if you’re sharing a space (whether that be retail or maker/art space). This is a great time to upgrade and get more for your money.
- Industry City rezoning application withdrawn by developers
- City Council extends restaurant, retailer lease protections
- Mixed use project comes to East New York, Cypress Hills
- City steps up street cleaning and trash can pickup
- Yes, it’s Manhattan, but we’re excited to hear Olde Good Things is doing well enough to open another location (especially right now)
- Energy efficiency ratings requirements begin October 30