Substantial Office Lease Cost Savings & New York State Re-Occupancy Guidelines

June 2020

We hope you are well and safe. Armano Real Estate has been very active as New York City enters into Phase 2 of reopening. We have been extremely successful modifying leases for tenants, achieving rent relief and cost savings in the 20% or greater range. Success stories include achieving huge near-term free-rent concessions and locking in substantially lower and below market rates. We are also actively engaged in several lease terminations.

Please feel free to contact us regarding your current real estate situation. We can provide a no-fee lease and market analysis and space program to help meet your corporate real estate plan and vision.

Many tenants are concerned about office and building safety. Employees need to feel safe about returning to work. Thus, we are providing CDC resources and New York State office-based work guidelines for employers and employees.  We are also attaching a list of what can be expected in your building owner’s re-occupancy plan. 

Employer and Building Owner Guidelines 

1. Center for Disease Control Office Building Guidelines
2. Center for Disease Control Guidance for Businesses and Employers
3. New York State Offices Interim Guidance
4. New York State Office-Based Work Guidelines for Employers and Employees

Building Owner Re-Occupancy Plans

1. Armano Owner Re-Occupancy Plans

Please free to contact us regarding questions to your re-occupancy plan. Thanks.