• Log in
  • Get Started
ResearchNYC doubles down on midtown office

NYC doubles down on midtown office

Sep 15, 2022

Titan's Takeaway: Support from institutions like these suggests that office spaces, particularly in global hubs like New York City, continue to attract investor interest despite a rocky several years for both workers and workplaces alike. We're excited about the future of commercial real estate, even with the hybrid model.

After the once-agreed-upon “return to office” didn’t happen like companies expected, office real estate has been in a state of flux. 

The data so far has shown that most employees don’t want to entirely work from home – they just want the option to. So it seems hybrid work is the way of the future. Does that mean that hybrid workplaces are, too? 

Regardless, developers are not shying away from new office projects; they just may look a bit different than they did in a pre-covid world. Just recently, the New York Governor doubled down on a plan to build ten commercial office buildings in the space surrounding Penn Station as part of a much larger project to revitalize the transit hub. The developments around Penn Station are led mostly by Vornado Realty Trust and is expected to total close to $12 billion in all for the project. 

Meanwhile RXR, a large developer, just received $1.3 billion in financing from backers including Morgan Stanley and Apollo for the renovation of an iconic Times Square  property. SL Green, NYC's Largest Commercial Landlord, has joined the development team as well. They also have tenants – Roku has signed a lease in the building and is expected to move in by year-end. 

Support from institutions like these suggests that office spaces, particularly in global hubs like New York City, continue to attract investor interest despite facing occupancy challenges throughout the pandemic. It’s evident that there is capital to be deployed, and that regardless if the way we work changes, one fact will remain true: people will still work, and they’ll want a place to go – even if it’s only three days a week.

We’re excited about the future of commercial real estate… particularly if it actually means being near Penn Station will actually be delightful.


Smart Cash

Managed Stocks

Automated Stocks

Automated Bonds



Venture Capital

Real Estate

All Strategies


© Copyright 2023 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan. Cryptocurrency trading is provided by Bakkt Crypto Solutions LLC ("Bakkt Crypto"). Bakkt Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Bakkt Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution services are provided by Bakkt Crypto (NMLS ID 1828849) through a software licensing agreement between Bakkt Crypto and Titan. Please ensure that you fully understand the risks involved before trading: bakkt.com/disclosures.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.