
The Manhattan commercial real estate market has forever shifted after the pandemic, with lower occupancies, the flight to quality and owners seeking innovative ways to make their properties stand out to potential clients. Governmental entities are introducing new opportunities that allow commercial real estate businesses to explore tax credits and incentives for environmental, social and governance (ESG) initiatives, and incentives designed to promote economic growth and encourage business development. Various regulations are aimed at reducing greenhouse gas emissions, improving energy efficiency ratings and helping business owners attract world-class tenants. Take a deep dive into the exciting changes on the horizon for the commercial real estate sector.