Anchin Real Estate in the News: The Shift in Amenity Spaces

There is no doubt that the COVID-19 pandemic has shifted the way we live and work. These changes have greatly affected all components of real estate including the commercial and multi-family housing market. In this issue of Real Estate in the News, members of Anchin’s Real Estate group discuss the shift in the demand for amenity spaces for offices and multi-family residences, and explore what the future may hold for employees returning to the workplace.

If you have any questions regarding any of the specific topics below or would like to discuss your unique situation, please contact Anchin’s Real Estate Co-Leaders, Robert Gilman and Marc Wieder, or your Anchin Relationship Partner.

The Shifting Workplace – The New Must-Have Amenity Spaces
Commercial Observer

The pandemic has brought on a new set of unexpected challenges for the Commercial Real Estate Industry. It is no secret that the traditional workplace has dramatically changed as the workforce has turned to a hybrid environment.  As employees are heading back to the office, learn more about some of the unique amenity spaces that are reshaping the workplace. READ MORE

NYC Companies Are Shedding Office Space as Work Models Change
Globe St.

“The working model of coming in five days a week is something that we aren’t going to see for a while in some industries,” says Rob Gilman, Co-Leader of Anchin’s Real Estate Group. Manhattan office users are actively downsizing in response to changing work models. In this article, learn more about the current leasing activities and renewals in the city and predictions for a post-COVID workplace. READ MORE

What Office Landlords Spend on Amenities to Draw Tenants
Commercial Observer

As remote work continues to impact the workplace, landlords and employers are requesting unique and out of the ordinary amenity spaces to persuade employees to return to the office. In this article, Rob Gilman discusses some of the unconventional amenity requests such as doggie day cares, grab-and-go cafes, outside terraces and golf simulators that are encouraging employees to return to the office. READ MORE

High on Long Island: Demand Grows for Amenity-rich, Luxury Multifamily Properties
Mann Report

While single family homes are seeing unprecedented value increases, the multi-family housing market in Long Island is booming. Whether a luxury apartment building or condo complex, many of Long Island’s large-scale multi-family properties feature extravagant hotel-like amenities. In this article, learn more about current design trends for the multi-family housing industry and the challenges affecting the development of these large-scale Long Island properties. READ MORE