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Stephen Siegel on Why New York’s Office Market Is Making a Comeback
Description
On this episode of Closed!, recorded live at The Real Deal Forum, Lee and Mike sit down with Stephen Siegel, Chairman of Global Brokerage at CBRE and one of the most recognizable names in New York City brokerage, to talk about what the data is really saying about the recovery of the New York City office market.
Stephen breaks down why the return-to-office conversation has shifted so dramatically since the 2020 COVID-19 pandemic, and why working from home was never going to replace in-person work. He discusses how financial services firms, law firms, AI companies, and other major users are reshaping the market, and why premium supply remains scarce. Stephen delves into flight-to-quality, rising rents across Class B buildings, and why landlords who invest in amenities and general improvements will see the market move in their favor.
To learn more about Stephen Siegel and CBRE, visit cbre.com, and as always, to learn more about Lee, Mike, and BFKP, visit bfkplaw.com.
To find out more about Bergstein Flynn Knowlton & Pollina PLLC, visit our website at bfkplaw.com.
Hosted on Acast. See acast.com/privacy for more information.
To find out more about Bergstein Flynn Knowlton & Pollina PLLC, visit our website at bfkplaw.com.
Hosted on Acast. See acast.com/privacy for more information.