pandemic Archives - Rava Realty

Record High Availability in the Manhattan Office Market

Posted by:

Record High Availability in the Manhattan Office Market

The Manhattan office market had another tough month in April. A new report reveals that a record 94 million square feet of office space was available last month, while only 1.5 million square feet were leased in the period, significantly below the monthly average from the past three years. The report also shows that availability rates continue to rise, with Midtown South and Downtown experiencing a decline in leasing volume.

Despite this, Midtown had a slight increase in leasing volume, but it ...

Continue Reading →
0

English

, , , , , , , , , , , ,

Newer apartments in Miami are bigger than national average

Posted by:

Newer apartment units in the Miami metro area are averaging larger in size than those in many cities across the country, according to a new report from listing service RentCafe. The average size of newer Miami apartments is 912 square feet, nearly 3% bigger than the 2022 national average of 887 square feet. This is in contrast to the nationwide trend of shrinking apartment sizes, with newly built apartments shedding 30 square feet on average compared with 2021. ...

Continue Reading →
0

English

, , , , , , , , , , , , , , , , , ,

Office occupancy hits pandemic high

Posted by:

Office occupancy hits pandemic high

There have never been more office employees going into offices across the United States since the onset of the pandemic, but the in-office population is still less than half of pre-pandemic levels.

A record number of employees were back at the office for the week of March 30, according to Kastle Systems’ “Back to Work Barometer”. While that’s positive news for the office market, the level marked only 42 percent of pre-pandemic levels.

The share of workers back in the office was the highest in around ...

Continue Reading →
0

English

, , , , , ,

NYC Schools Will Go All In-Person, No Remote Next Year

Posted by:

NYC Schools Will Go All In-Person, No Remote Next Year

New York City’s public school students will all return to classrooms in the 2021-2022 year, Mayor Bill de Blasio said.

“It’s good news: New York City public schools, one million kids will be back in their classroom in September, all in-person, no remote,” he said on MSNBC’s Morning Joe.

The announcement represents a significant upcoming return to normal for the city’s schools, which have been at least partially remote since the coronavirus pandemic first struck in March 2020.

(source: patch.com)

Continue Reading →
0

English

, , , , , , , , , , , , , ,

The Subway is back 24/7

Posted by:

The Subway is back 24/7

Round-the-clock subway service in New York City resumed May 17 after more than a year of late-night, pandemic-related closures.

Gov. Andrew Cuomo made the announcement in late April wrapped it into a broader swath of reopening announcements that end most pandemic-related capacity limits and eliminate restaurant curfews.

“The city that never sleeps is slowly—but surely—living up to its name again and waking up from the COVID-19 pandemic, but so should the subway system—and ASAP,” Sen.Schumer said in a statement.

Continue Reading →

0

English

, , , , , , , , , , , , , , , ,

Manhattan’s retail loss is outer boroughs’ gain

Posted by:

Manhattan’s retail loss is outer boroughs’ gain

Manhattan retailers are still waiting for the return of tourists to 5th Avenue and employees to Midtown offices, but some retail corridors outside of the central business district have seen metrics return almost to where they were before the pandemic.

Vacancies and rents in the Bronx’s main retail area, Fordham Road, are near normal, the New York Times reported. The vacancy rate is 3 percent, according to the Fordham Road Business Improvement District.

Meanwhile, in Brooklyn, new residential development has aided projects ...

Continue Reading →
0

English

, , , , , , , , , , , , , ,

Page 1 of 4 1234