Retail depends on data. But without deep knowledge of how to apply it, it’s just wasted data. That’s true for any business decision you make. We believe it’s true for any real estate decision you make, too.
Bill Baldwin, managing principal of the global real estate advisory firm Cresa, said that for the moment, he prefers not to direct clients to WeWork, saying he is not convinced the company can avoid defaulting on leases.
By the time your lease ends, your rent will have increased annually at a higher rate than your sales growth causing a profit erosion to your business over the term of the lease – in many cases to the point where the business is no longer viable.
With millennials leading the upcoming workplace generation, employers are creating spaces where their workers feel connected and can thrive. Thus, Midtown is a mix of education, professional and culture opportunities that provide a trifecta of options for the next successful millennial.