Cities With Empty Offices See New Room To Expand Housing, New York City Facing Housing Crisis Targets Illegal Airbnb Owners, Union Square Holiday Market Returns Ushering in Seasonal Spirit

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New and Noteworthy

Cities With Empty Offices See New Room To Expand Housing

Pandemic changes in work patterns have taken an especially acute toll on the central business districts of cities — ecosystems that rely on a daily flood of office workers. In New York, where office buildings account for a major share of the city’s property taxes, the pandemic has also induced a $28.6 billion drop in taxable market value. (Full Story)

New York City, Facing Housing Crisis, Targets Illegal Airbnb Owners

New legislation will require hosts of short-term rentals to register with the city — the latest move in a long battle between New York and the rental companies. There were 37,700 Airbnb listings in New York City at the beginning of November 2021, according to a data-tracking website. (Full Story)

Union Square Holiday Market Returns, Ushering in Seasonal Spirit

The Union Square Holiday Market is one such symbol of the season, which has made its return after a year hiatus due to the COVID-19 pandemic. From artwork, crafts, home accessories, jewelry, and even food, such as vegan and vegetarian treats, the retail space aims to cater to both the return of tourism and native New Yorkers alike. (Full Story)

Team News

Client Appreciation

Is it our team or are you feeling extra thankful this season?

As the year begins to wind down, the team and I want to send you our sincere appreciation. The real estate journey is one I love. The people I meet, the conversations I have, the help I provide, and the interactions I have are all something I take to heart.

Stay healthy and full of cheer. This time of year gets busy for all and we know it is a balancing act! While we continue to provide top quality real estate services for our clients, we are also getting our Christmas tree set up, making plans for the holidays, buying our loved ones gifts, and spreading holiday cheer - it's a full time job. I'm always around though, whether you'd like to talk before or after the New Year. Let me know if there is anything I can do for you this season, it would be a pleasure.

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236 Lewis Ave, Unit TWN Bedford-Stuyvesant 4 Bed \| 3 Bath OPEN: 12/12 1:00PM - 2:30PM	575 Park Ave, Unit 1407 Upper East Side 3 Bed \| 3 Bath
335 Humboldt Street Williamsburg 7 Bed \| 3 Bath	339 East 58th St, Unit 6D Sutton Place 1 Bed \| 1 Bath

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Martin Eiden Team

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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Cities With Empty Offices See New Room To Expand Housing, New York City Facing Housing Crisis Targets Illegal Airbnb Owners, Union Square Holiday Market Returns Ushering in Seasonal Spirit

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