Another tenant at a Queens home taken over by squatters confirmed that he was duped into paying rent to sublet space in the house, as the DA's Office was turned away from the home Thursday.
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One square foot of office space — about what a pair of sneakers takes up — had never rented for more than $300 a year in New York City.
When Felipe Vasconcelos heads to work, he doesn’t have to stay shut inside his one-bedroom Murray Hill condo — and he doesn’t have to commute to his Brooklyn office either. Instead, the 37-year-old takes an elevator six floors down to a 450-square-foot studio apartment, which he rented two weeks ago for $2,100 per month. “Trying to work from home … the place where I relax, it was very difficult to concentrate — but also I was limited by space,” said Vasconcelos, a cosmetics industr...
Economic growth and stability in NYC depend upon the ability for workers and others wishing to move into or within the city to find housing they can afford. As has been noted in our monthly Economic Newsletters, median “asking rent” on publicly listed apartments available for leasing rose to a record high level in 2023 and remains at $3,500 per month citywide—$42,000 per year—near its peak despite levelling off ...
Shopify set up a NYC coworking space in Jeffrey Zeldman's Madison Avenue office and filled it with some of the best aspiring web designers from the city.