NYBJ Quotes Someck & Myers on Emerging RE Trend & Market Insights
The New York Business Journal feature Someck & Myers thoughts on landlords pitch to office tenants: We’ll pay for furniture and other market insights
Someck & Myers have worked on recent multiple deals where space was provided to the tenants already furnished or with a furniture allowance included in the rent. “Landlords are trying to be creative. You’re in a unique situation where there’s a lot of space and not many tenants willing to commit,” Someck said. Prior to the Covid-19 pandemic, landlords usually wanted tenants to sign at least a five- to seven-year lease.