CBRE New York Tri-State CEO Mary Ann Tighe delighted Young Men/Women’s Real Estate Association members at the group’s monthly luncheon at the University Club in Midtown with her take on the current pulse of the New York real estate market. She was adamant that the workplace of the future is the university model, which is more self-directed and said today’s employers want more open space and less back office space to attract talent. Green space, such as roof tops and terrace space, are also a major plus. Tighe addressed the economic driving force that real estate is to the city’s economy, contributing 49 percent in taxes but said that, as land runs dry for new development, the city must address the glut of landmarked properties and improvement rights, with currently 27 percent of properties landmarked.
