Businesses obviously hope that New York City office rents come down but, why would such a decline occur? If office rents were to come down in NYC perhaps the reason could be described in just one phrase, ‘Supply and Demand‘! The fact is that New York City will experience a huge amount of new office inventory that is or […]
Real estate prices in New York City are high, new construction is plentiful and the massive Hudson Yards residential project on the westside of Manhattan is now officially underway promising even more availability of inventory for the discriminating buyer! For those not living in the New York City area and who may be unfamiliar with […]
While New York City trails other cities around the country in terms of residential buildings planned or under construction, 7,000 new apartments in Manhattan alone are on the drawing board or currently being built! We have had discussions in the Hallmark Abstract Service blog before that touched on the high cost of living in a […]
