Headlines about NYC offices frequently depict a market in turmoil, with stories of high vacancies and financial difficulties. With a lot of disinformation clouding the news cycle, what is accurate?
In this episode of PlotLines, we welcome Darell Handler, COO of Handler Real Estate, to delve into the genuine state of the NYC office market and the opportunities it holds. Handler Real Estate manages office buildings across New York City and Miami, allowing Darell to provide a comprehensive look at diverse markets. He discusses how strategic investments and proactive tenant retention strategies have enabled some buildings to succeed despite broader market challenges. He emphasizes the importance of amenities in attracting tenants, pointing out how features like conference centers and fitness facilities are becoming critical for competitive office spaces.
Darell also reflects on the pandemic’s impact, highlighting changes in tenant behavior and demand. While some companies have adopted remote work permanently, others are keen to return to the office, motivated by the need for in-person collaboration and attractive leasing deals available in the current market.
Tune in to hear why Darell would “rewrite” the headline as “It’s a great time to be a tenant in New York City.”
Listen to the full episode below and follow along for our next guest!
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