by Joseph Armano | Dec 17, 2020 | Newsletter
December 2020 The pandemic continues to devastate the New York City commercial real estate market. Leasing activity dropped to 4.7 million square feet in the third quarter of 2020, a 44.9% decline over the same quarter in 2019 according to market sources. Market...
by Joseph Armano | Oct 14, 2020 | Newsletter
October 2020 Armano Real Estate estimates only 10-12% of all New York City workers have returned to the office. This represents a moderate uptick from the 6-8% back in July. New York City’s non-essential workers were first allowed back into the...
by Joseph Armano | Aug 19, 2020 | Newsletter
AUGUST, 2020 Armano real estate has been busy modifying and terminating leases for tenants. We have been achieving occupancy cost savings in the 18% to over 80% range depending on the case and type of strategy. Safely re-occupying office space and re-positioning the...
by Joseph Armano | Jun 25, 2020 | Newsletter
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...
by Joseph Armano | Jun 24, 2020 | Blog
Building Owner Re-Occupancy Plans Tenants should review their individual building re-occupancy plans. The below are items that should be included in a building owner’s re-occupancy plan to ensure a healthy and safe work environment: 1. Occupant and...
