DISRUPTION IN THE NYC COMMERCIAL LEASING MARKET

As pandemic restrictions are being slowly lifted, commercial landlords are struggling to satisfy their debt service obligations while anchor tenants keep the purse strings closed.  In a recent article, Bloomberg News details the ongoing struggle some of the biggest commercial tenants and landlords on the rarefied real estate known as Fifth Avenue. To read the article, click here.

Since the start of the Pandemic, OlenderFeldman, LLP has been helping both commercial landlords and tenants of all sizes navigate these unprecedented times.  If you are a commercial landlord or tenant and have any questions or concerns regarding your lease, outstanding rent payments or an uncooperative landlord or tenant, please contact either Rich Angowski (rangowski@olenderfeldman.com) or Jason Hawrylak (jhawrylak@olenderfeldman.com) to discuss your immediate needs.