Gochman Group Logo
Phone Icon (347) 637-7416

City Scape

Our Services

  • Capital Markets 
  • Tenant Representation
    - Office Leasing - Retail Leasing
  • Landlord Representation 
  • Development and Asset Strategy 
  • Investment Sales 
  • Project Management  
  • Real Estate Investment Banking 
  • Economic Analysis 
  • Marketing

New York Skyline

New York Building

With You Through Every Step

Our clients benefit from our deep industry knowledge and extensive commercial real estate experience, throughout the entire real estate process.

Whether buying, selling, financing, leasing, managing or valuing real estate assets, Gochman Group will produce premium results. Clients can also take advantage of additional advisory services, including strategic planning and research, portfolio analysis and site selection.

Working with Gochman Group

In addition, we focus on value-add investing in a wide range of real estate opportunities. Our firm advises and invests equity capital on behalf of high net-worth individuals and institutional investors. At times, we may be called upon to serve as operating partner in certain office building investments and redevelopment projects. Investment companies we work with include some of the largest global private equity firms in the world.

Gochman Group also serves as an advisor to parties involved in the structuring of real property joint ventures and asset re-capitalizations.

Manhattan Office Market Snapshot

Vacancy Rate (Q1-2021): 14.5%

Average Asking Rent (Q1-2021): $72.89 PSF

Looking Ahead

The Manhattan office market continues to suffer from the impacts of the COVID-19 pandemic as availability rates continue to rise and asking rents fall. As of this writing the repopulation of Manhattan's office buildings remain at a stagnant 15%-20%.  The volume of leasing activity for the quarter was 4.5 million square feet, down 46% from Manhattan's five-year rolling average. Interestingly, financial services, insurance and the real estate sector accounted for over 40% of the overall leasing activity. With the majority of Americans expected to be vaccinated by June of this year, we expect a reasonably plentiful return to the office after the Labor Day holiday. In numerical terms, perhaps a 30%-40% repopulation in Manhattan by the end of 2021. This will initiate optimism among landlords and investors; and signal a bottoming out of the pricing trough.

New York Building - Wall St