Steve Cuozzo

Steve Cuozzo

Steve Cuozzo is a real estate columnist and contributor to the New York Post

  • Sixth Ave NY skyscrapers shutterstock_247545397 lunamarina PW030622
    Insight

    Sixth Avenue leads New York’s revival

    2022-06-01T00:00:00

    Manhattan’s Q1 2022 office vacancy rate stood at a record 22%. Yet, newly released data show that one major commercial corridor, under-sung Midtown Sixth Avenue, weathered the pandemic with a vacancy rate of between 12.6% (according to CBRE) and 14.6% (as per Cushman & Wakefield). How did this happen?

  • NYC
    Insight

    Letter from New York

    2022-03-10T00:00:00

    New York City’s fitful pandemic recovery has reached a critical inflection point.

  • Royalton Hotel New York
    Insight

    Letter from New York

    2021-09-30T00:00:00

    No sector of the New York City real estate economy has been so badly mauled by the pandemic as hotels.

  • New York 9 11
    Insight

    The legacy and lessons of 9/11

    2021-09-09T00:00:00

    Twenty years on from the terror attacks of 11 September 2001, New York Post reporter and Property Week columnist Steve Cuozzo reflects on the impact on the iconic city.

  • JP Morgan Chase HQ NY
    Insight

    The Big Apple’s office return

    2021-06-03T00:00:00

    New York City is not quite ready to party. True, the vaccines have routed coronavirus – a seeming miracle after last year’s horrific ‘epicenter’ death toll. Coney Island’s rollercoasters are roaring again.

  • Penn station NY
    Insight

    Cuomo’s Penn Station plans spark debate

    2021-04-08T00:00:00

    When it comes to forecasting New York City’s future, none of the conventional market analysis tools seem worth a damn.

  • Times square empty
    News

    Pandemic still biting the Big Apple

    2021-01-14T00:00:00

    New York City’s property-world panic has eased somewhat but the situation remains troubled and tense.

  • New York skyline
    Insight

    Letter from New York

    2020-08-27T00:00:00

    An exodus from Manhattan was the talk of the town in the weeks before the Labor Day holiday weekend. A ‘drastic shift’ to the suburbs became the media buzz. The out-flight resulted in a record 13,117 rental apartments standing vacant, touted as a 122% jump over 2019. Landlords are offering ...

  • New York skyline
    Insight

    Letter from New York

    2020-07-30T00:00:00

    New York City’s gradual awakening from the pandemic has yet to include Midtown Manhattan: the iconic, skyscraper-filled commercial core and nation’s economic powerhouse. The area is hushed and near-funereal in empty Times Square and little-traversed Rockefeller Center.

  • New York skyline
    Insight

    Letter from New York

    2020-07-23T00:00:00

    New York State governor Andrew Cuomo broke restaurant-lovers’ hearts when he renewed the indoor dining ban that was expected to be lifted on July 20.

  • New York
    Insight

    Letter from New York

    2020-07-09T00:00:00

    An eerie, Twilight Zone-like atmosphere descended on sweltering New York City this week. Over a muted July 4th Independence Day weekend, the Big Apple was torn between celebration and unease.

  • New York Skyline
    Insight

    Letter from New York

    2020-07-02T00:00:00

    The Big Apple has come to life again with the start of phase II of reopening. Thousands of restaurants opened outdoor seating and encouraged by good summer weather and a sustained reduction in Covid-19 infections, New Yorkers finally enjoyed a taste of pre-pandemic pleasure.

  • New York skyline
    Insight

    Letter from New York

    2020-06-25T00:00:00

    The mood on the streets lifted as New York state governor Andrew Cuomo announced that phase two of the city’s reopening would begin on 22 June – a mere two weeks after the start of the first phase, which allowed little more than construction to resume.

  • New York
    Insight

    Letter from New York

    2020-06-18T00:00:00

    New York City’s high-end real estate markets remain depressingly stalled. There’s modest life on the office front, but retail is dead in the water.

  • New York Skyline
    Insight

    Letter from New York

    2020-06-11T00:00:00

    The first week of June was possibly the most heart-wrenching in New York City’s history. Bad and good news alternated without rhyme or reason.

  • New York skyline
    Insight

    Letter from New York

    2020-06-04T00:00:00

    The beleaguered commercial scene got an unexpected jolt of energy this week. To everyone’s surprise, TikTok signed for 237,000 sq ft of offices in Times Square – the ‘Crossroads of the World’ now devoid of tourists and just about any activity.

  • New York skyline
    Insight

    Letter from New York

    2020-05-28T00:00:00

    New York City mayor Bill de Blasio said on 21 May that “all roads” lead to partial reopening of stores and businesses by mid-June. It was an unexpected upbeat note amid the prevailing gloom.

  • New York
    Insight

    Letter from New York

    2020-05-21T00:00:00

    The Big Apple’s devastated retail scene trembled even more with news that Nordstrom is to close 16 of its 116 full-line stores across the US and Neiman Marcus has filed for Chapter 11 bankruptcy.

  • New York Skyline
    Insight

    Letter from New York

    2020-05-15T00:00:00

    New York governor Andrew Cuomo has announced a region-by-region, four-stage plan to reopen the state’s frozen economy, starting with industrial and manufacturing work on 15 May. Three upstate regions have the green light on that date.

  • New York Skyline
    Insight

    Letter from New York

    2020-05-06T00:00:00

    While most New York City investment-sale and leasing transactions may remain stalled for months more, restoring life to dark office towers, some could come sooner.

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