Finding Opportunities within a Challenging Commercial Real Estate Market

Despite the challenging market, people are optimistic about the opportunities we can build as new strategies continue to develop. The industry is open to inspirational frameworks to create new assets for more creative spaces. How can professionals find more ways to build compelling environments?

Welcome to the second season of Architecture 5 10 20! I’m your host, Guy Geier, Managing Partner of FXCollaborative Architects in New York. Guests from a wide range of backgrounds and experiences related to the built environment will come to share their thought leadership. Our conversations will start with understanding how they arrived at what they’re doing now. More importantly, we will focus on discussing their vision for the future, looking out 5, 10, and 20 years.

Today, I'm joined by David Goldstein, President of Savills, New York Tri-State region. David has been representing tenants in the real estate market for over 30 years, and he is a trusted adviser to tenants seeking creative solutions to their space needs. I'm looking forward to discussing how David sees the challenges and opportunities impacting our current real estate market, lessons we can learn from past market cycles, and how he envisions the commercial real estate market moving forward.

Listen to David speak about rethinking the purpose of the spaces built throughout New York City and recognizing the common cause in driving the industry forward. He sees room for flexibility as he imagines the new opportunities emerging in the city. David shares his team's approach to bringing solutions to clients and talks about the range of needs in the diverse city of New York.

David's optimistic view of the future of the city and the commercial real estate market inspires us all to act as stakeholders in the city and take on a role in its vitality. Despite the uncertainty and challenges facing today's market, we have the opportunity to rethink the fundamental purpose of the office and to develop innovative assets that will drive activity. David reminds us of the importance of resilience and selflessness in the current environment, as well as the need to anticipate the requirements of future generations in our design and development decisions.

 

Time stamps:

[01:08] - David Goldstein explains why he originally became a broker.

[03:02] - What are David's top tips for a successful career?

[05:35] - David talks about his team's approach to bringing opportunities and solutions to clients.

[07:48] - Rethink the purpose of the space you build.

[10:33] - David imagines the new opportunities emerging in New York. What are the possibilities?

[13:31] - The industry is open to inspirational frameworks to bring new assets for more creative spaces.

[15:44] - David talks about why the diverse city of New York shouldn’t only cater to high-rent-paying tenants.

[18:34] - What are lessons David learned from having a long career?

[20:30] - What should tenants and clients ask to future proof their space?

[23:05] - David talks about reducing friction in building design, development, and usage.

[25:25] - “We should all be excited to get up and try to be part of the solution every day.”

[28:10] - Thank you David for reminding us of the importance of resilience and selflessness to anticipate the impact of design and development on future generations.

Links / Resources:

Guy Geier

Instagram | Twitter

 

David Goldstein

Savills