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_Commercial Leasing

The Commercial Real Estate Leasing Market in New YorkReal estate consulting firm Cushman & Wakefield, which tracks activity in various real estate markets, notes these facts about the commercial market in New York for 2010:

● Commercial leasing activity increased in 2010.
● Compared with 2009 figures, new leasing rose more than 61% in 2010.
● For the year, activity measured more than 26 million square feet.
● At year’s end, office vacancy rates in Manhattan averaged 10.5%.
● Sublease space also saw a decrease in vacancy rates.
● Almost half of people aged 21 to 64 who have a disability are employed.
● Almost 30% of new leasing went to the financial services industry, with legal services at nearly 11%, and the government, education, and social services sector at almost 10%.

Source: Cushman & Wakefield

Businesses depend on their ability to find and lease the space they need to conduct operations. Some firms achieve their goals through their ability to develop leasing options for other organizations or individuals. Or it may be necessary to ensure that your company or that you as an individual property owner are able to enforce leases that are in place already.

The New York commercial leasing attorneys at The Law Offices of Newman & Drukman have the kind of comprehensive knowledge of real estate and contract law that you can rely on when leasing must be handled efficiently and accurately.

Since 1989, our firm and its New York commercial leasing lawyers have built a solid reputation for their ability to craft leases for a wide range of clients, including:

● Commercial tenants
● Large organizations
● Small businesses
● Individual property owners
● Retail concerns
● Specialty stores

At The Law Offices of Newman & Drukman, our experienced New York real estate lawyers know that commercial leases, by nature, are highly complex. But we also realize that these specialized contracts are part of the fabric of a successful commercial landlord/tenant relationship. Because our firm represents landlords as well as tenants, we understand the leasing provisions and the unique responsibilities that apply to each party. Our commercial leasing attorneys are accomplished negotiators who will work to secure the most favorable terms for you and to ensure that your interests and rights are protected.

Beyond their skills in negotiation, the New York commercial leasing lawyers at The Law Offices of Newman & Drukman also are proficient litigators. When issues arise about the enforcement of a lease, our firm can provide reliable guidance. If leasing disputes lead to legal action, our real estate attorneys are forceful and assured advocates who can provide you with a strong and assertive presence in the courtroom. In all aspects of commercial leasing, the knowledgeable and assured New York commercial leasing attorneys at The Law Offices of Newman & Drukman are prepared to provide you with exemplary service. To schedule a consultation, contact our firm at (516) 487-7375.

The Law Offices of Newman & Drukman represent clients throughout the New York City and Long Island area, including Queens, the Bronx, and Nassau and Suffolk counties.