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APRIL 12, 2018

Embassy Suites by Hilton Marks Grand Opening in NYC
- Hotel Business

JANUARY 16, 2018

Landmarks Approves Hidrock’s Restoration Plans for Site Next to Park Slope Cinema
- The Real Deal

NOVEMBER 14, 2017

Abraham J. Hidary Addresses B'nai B'rith Real Estate
- Mann Report

SEPTEMBER 20, 2017

Online Booking Fees Keeping Some Hotel Investors on the Sidelines
- Real Estate Weekly

Archives

APRIL 27, 2007

PUT MINE ON THE SIDE

- New York Post


Featuring Abraham Hidary on the success of Hidrock's side street locations

Tenants faced with steep jumps in office rents and loss factors are retreating to side streets or smaller buildings and splitting operations to reduce their occupancy costs, brokers say.

"It's a question of price and location," said Mark Lauzon, senior director of Cushman & Wakefield. "You can't afford $80 to $90 a foot, so you will see a migration to these buildings in the 20s, 30s, and 40s. Those side streets off of Fifth Avenue have great buildings and used to get $20 a foot on a good day." Now those buildings are in the $40s, $50s and close to the $60s a foot, brokers say.

 

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2007-April