COMMERCIAL
A Prominent NYC Investment Firm Adapts To Market Fluctuations To Expand Its Portfolio In West Chelsea
BisNow | Oct 12, 2022
COMMERCIAL
A Prominent NYC Investment Firm Adapts To Market Fluctuations To Expand Its Portfolio In West Chelsea
BisNow | Oct 12, 2022
Concerns about a recession have led real estate professionals down a tough road in an ever-changing environment. It only seems to get more treacherous to navigate with inflation and staggered enthusiasm for return-to-office.
More companies are decreasing their real estate footprint to cut costs and save their businesses from higher inflation risk down the line. Gartner Inc. Chief of Finance Research Alexander Bant told The Wall Street Journal that “companies say they are reducing real estate and consulting expenses at a faster pace because those areas are least likely to be essential if the economy were to rebound.”