Richard Plehn - Commercial Real Estate Advisor

10/14/2026

📍I recently visited Washington, DC, and toured several office spaces. One thing that stood out was the emphasis on amenities.

🪑Amenity centers and multiple conference rooms seemed to be common features across the buildings I visited. In New York, these offerings can be more of a differentiator, particularly when comparing Class A properties with other office buildings.

The markets also have different dynamics. DC’s overall office vacancy rate reached 23.5% in Q3 2026, reflecting a much larger pool of vacant space than the tighter Manhattan market. Always something to learn from seeing them firsthand.

➡What differences have you noticed between office markets?

10/12/2026

🎙️ The NYC Real Estate Rundown podcast:
I talked to Justin Smith, SIOR, from Lee & Associates – Irvine. (Senior Vice President)
Here he shares his approach to working with Industrial landlords, preparing spaces for lease, and making the right decisions to position a property for success.

▶️ Watch the full interview on my Youtube channel, find links in bio!

10/08/2026

📸 Sharing some photos: I recently toured the 12th floor at 198 Madison Avenue with Michael Beyda of Benchmark Properties.

The 25,500 SF floor is currently undergoing renovation, with 14-foot ceilings, large windows, and views toward some of Midtown’s most recognizable buildings — including One Vanderbilt, 101 Park Avenue, and MetLife.

🏢 The historic B. Altman Building is being thoughtfully redeveloped, a great example of how some of Manhattan’s older office buildings are being repositioned for their next chapter.

10/06/2026

Highlight CRE news: $400/SF for Manhattan office space?
Castle Hook Partners reportedly agreed to pay up to $400/SF at 625 Madison Avenue — potentially the highest office rent ever reported in NYC.

Why are tenants paying these numbers? Scarcity. Trophy office space is in limited supply, and the best buildings are commanding a premium.

Here I break down what this deal says about the top end of the NYC office market.

For more CRE news and info, visit www.richardplehn.com

09/29/2026

📍 355 Lexington Avenue, between East 40th & East 41st Streets
Rudin is moving forward with the transformation of this longtime office property into a residential building with 297 apartments and ground-floor retail.
The project will also add four stories, bringing the building from 22 to 26 floors.

It’s another interesting example of how Midtown’s existing office buildings are being rethought for the next chapter of New York City real estate.

🌐Visit my website for more info, images and my own podcast on CRE in New York.
www.richardplehn.com

09/24/2026

🌙Great evening with Cindy and friends, good food, good company, and some pretty amazing views of Midtown. Hard to beat the NYC skyline at night.

09/23/2026

I was at a REBNY meeting on the 5th floor of One Grand Central Place and took a few minutes to show the space and the building.

The 5th floor is currently available for lease, and one of the highlights is the access to a 10,000 SF terrace with some pretty impressive views of the MetLife Building and Grand Central.

I took a quick video during the lunch break — take a look!

09/17/2026

📷Sharing views from 7 World Trade Center.
It’s always interesting to see New York from this perspective — from Lower Manhattan and the Hudson River to the skyline stretching north.

I recently completed an office leasing deal at 7 World Trade Center with my colleagues, and while I was there, I took a few photos from the building.

Another deal completed, and another great day working in New York City.

🌐Visit my website for all things , link in bio!

09/15/2026

🏢Is NYC office leasing becoming a landlord’s market?
That’s what I’m seeing right now.

🗽Tenants are increasingly looking Downtown, where asking rents can be more affordable, but finding quality available space in Midtown and Midtown South is becoming more difficult.

📩 Find the latest headlines on my CRE newsletter, please subscribe on: www.richardplehn.com

09/14/2026

⚡ Highlight CRE News: Another strong transaction for a premier Manhattan asset.
SL Green has agreed to sell 110 Greene Street in SoHo to Natora Group for $226 million — just over $1,000 per square foot.

The 223,000 SF Class A building is fully leased and anchored by Balenciaga's New York flagship, making it a strong example of what investors are willing to pay for a well-located, high-quality asset with strong tenancy.

For SL Green, the sale is also part of its broader strategy to dispose of assets and generate approximately $216 million in net proceeds for debt repayment.
👉 Read the full story on

SL Green just sold its SoHo Building for $226 million — part of a massive $2.5 billion real estate selloff this year.