NYC, The Small Business Town

A message from Ben Blumenthal

For the TL;DR (too long, didn't read) folks, here's a 60-second update on the office space market - straight from the streets of Midtown Manhattan!

Quick Bites

• A running list of companies return-to-office plans
• Manhattan's office market posted its strongest month since July 2020
• How law firms avoided subleasing space throughout the pandemic
• What to know about NYC's newly enacted vaccine mandate

Wishing you all the best,

Ben

Ben Blumenthal

Principal Broker

Noah & Co.

 Our picks for the

best space opportunities
in Midtown today!

With more companies pushing for a full return to the office, office space tours have returned to pre-pandemic levels and resulted in dozens of new leases getting signed across Midtown.

Some of the more notable deals:

• Zillow subleased ~ 27k SF of its 1250 Broadway space to Butler Hospitality
• Media firm National Public Media inked a long-term lease at 200 West 41st
• Vornado will welcome newly formed LTS One to 650 Madison Avenue
• ZMC Advisors expanded & extended its 110 East 59th Street lease
• Brevan Howard will relocate to 21k+ SF at 1345 Ave of the Americas
• 2 financial services firms locked in new deals at 34 East 51st Street
• Regus added two more locations to its coworking portfolio

In a hybrid office model, will remote workers be left behind?

A Ferris Wheel will temporarily sit in the heart of Times Square

Coworking & Shopping: Saks to open flex space in its Fifth Ave. store

Nike's new immersive store sets the stage for the future of retail

Revel rolls out its ride-sharing service... and every car is a Tesla!

The latest stop added to the NYC ferry route: Staten Island.